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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wink who wrote (177)	10/20/1998 10:42:00 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 10696

<<another example of this is when I [sometimes] cancel my order if I get a better price than I asked for>> ...how do you cancel an order if you've already gotten a better price?? Puzzled. ;>) I only use a live broker (i.e no web or phone trading). Before I enter the trade, I ask various questions as to volume, bid and ask sizes, the spread, option activity... Sometimes the price changes to below what I would have guessed should be the low of the day before I give the order or the broker gets back to me and says that the price changed before he sent the order to the desk and I can now get a better price. In such cases I almost always cancel my trade or exit the position. As for TDFX, this stock acts like a schizophernic either because it is manipulated, or because it is the darling of many "amature" investors (probably both). In any event, Creative Labs has invested $10 Mil. in them in a short period of time and CL knows about TDFX and all their competition and its market a lot more than I. So I'm betting that patience will pay off. In the mean time, selling covered calls and trading other stocks should keep me busy, but I will not close my TDFX position. Sun Tzu