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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Tim Bagwell who wrote (19641)	10/21/2003 1:21:44 PM
From: Kirk ©	Read Replies (2) \| Respond to of 42834

You should be able to develop ways, as a trader, to probe the supply of sellers by setting limit orders at below market prices. It's beyond my skills but stocks like UTEK are the ones to learn on. You are right about UTEK. When Brinker gave his sell signal in Jan 2000 I told some to set a net to try and catch some shares that his followers would sell. I think my buy recommendation back then was for $15. It was about $16 at the time and I have an email from one that got shares under $15. I already had some shares at $15 so I set my net at $13.50 but didn't get any more... This is one good reason to watch what the big guru's are doing as you can trade against them if you are slick. :) Some of the folks I've met online and I are working on this. They were impressed with how I got CACS well below cash value with this technique and we are working together somewhat to try and find more. I am reluctant now to put these in the newsletter portfolio as I don't want to "trade against my subscribers." This seems a good way to practice for my own account. Even now, with the smaller cap stocks, I have to be very, very careful to tell folks what I am doing. I've been taking much worse than actual prices for many buys lately so I record a higher price than what the subscribers get. Since the total percent of these thin floats is a small percentage of my total portfolio, it really doesn't make much difference if I over pay 10% when I am really looking to average in over 3 buys to a 1% or so newsletter portfolio position then hope that gains 10x. The extra 10% is mouse nuts on my total return if it goes to zero and if I get a 10x gain, the 10% is tiny also. I'd rather take the performance hit than let my credibility suffer.