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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (5240)8/1/1998 5:33:00 AM
From: Gary  Read Replies (1) | Respond to of 18928
 
Tom

I use Waterhouse and they allow gtc, limit orders on odd lots.

I remember someone mentioning a limit on the number of buys within a time period. Been a while since I read Lichello's book and can't remember. Can someone post this guideline.

Thanks,

Gary



To: OldAIMGuy who wrote (5240)8/1/1998 10:12:00 AM
From: Steve Grabczyk  Read Replies (1) | Respond to of 18928
 
Tom:
Waterhouse Securities charges $12/trade including gtc limit orders up to 5000 shares I believe.
Mean absolute deviation within my sheet, ends up simply being the $ spread between the hi/lo each day averaged over a 15 day timeframe. I get there by calculating the difference in absolute terms from the hi and close, lo and close, sum them, and average them over my time horizon. It's probably not the correct statistical term, but I like it 'cuz I'm a little crazy (MAD) anyway.
Steve



To: OldAIMGuy who wrote (5240)8/3/1998 10:39:00 AM
From: D VanSwol  Read Replies (2) | Respond to of 18928
 
>>I've never asked the broker, but I assume they will accept "good until cancelled" "Limit" orders on odd lots. Anyone have any experience with this?<<

Yes, I have a small IRA acct at Fidelity and have been trading GTC orders in 60 share lots.

--Dennis--