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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (1930)12/6/2006 1:36:01 AM
From: Elroy  Read Replies (2) | Respond to of 20435
 
Well, we can either buy based on Friday's close or Monday's close - either one will work. We've usually done Friday's close, and people should get their orders in before Friday's close. Friday's close is much easier for me since I work Sunday-Thursday, so I have more time Sunday to adjust everything based on Friday's close (rather than adjusting things on a Tuesday based on Monday's close).

Taro can you change the header to read "you can buy stocks on the last Friday of each month, and your buy orders should be in before Friday's market close".

If for whatever reason a poster can't get their last Friday order in before Friday market close we will usually allow over the weekend buys as long as they aren't trying some slimey maneuvering to take advantage of over the weekend news that is not yet reflected in the share price.