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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: William who wrote (42691)	5/16/2001 1:33:31 PM
From: Thomas Mercer-Hursh	Respond to of 54805

It would be like saying "OK, I'll fill the tank as soon as the price of gas jumps another 10 cents a gallon". Which, assuming you didn't need the gas immediately, would be a reasonable position if you thought that the gas might go down for a while, but you wanted to be sure to buy some if it started to go up again before it had gone too far. If it goes down and stays there for a while, one can change the order to a lower figure, but a mechanism like this insures that one will make a buy at a reasonably low figure, even if one's attention lapses at the time it starts to skyrocket. One could also make a buy at some suitably low price, but then one is left holding the bag if the price simply continues to drop and drop.