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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Nemer who wrote (7582)10/30/1998 2:41:00 PM
From: Stoctrash  Respond to of 44573
 
Hourly Pstop has been long since ~1070 on 10/28pm.
It could go on a sell here if we don't get above here (1100.50) by 3:30.



To: Nemer who wrote (7582)10/30/1998 3:39:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 44573
 
Closed out the long day trade at 103+ for about break-even



To: Nemer who wrote (7582)11/1/1998 12:36:00 PM
From: Ron McKinnon  Respond to of 44573
 
I think you might have been "one upped'

was asked for some help last week
young lady thinks her parents need some investment, tax, estate planning advice

couple in their 70's
live modestly on a small pension and SS
he may need some home nursing care
not sure how to pay for it

as Paul H would say "Now for the rest of the story"

seems back in about 1952
he had an aunt who worked for a little bitty drug peddler
so he took a huge risk
invested maybe a months or two's pay check, about $1000, big money in the 50's, in the stock
put it in the safe deposit box
has collected the dividends
but kept putting the split certificates in that metal box

so now I am making calls to figure out what the best moves may be with:

16,000 shares of PFE at $107 3/8

PS
I'm not bright enough to calculate the average annual rate of return for
$1000 to $1,718,000 over 46 years

PSS
once in a while I ask myself why I day trade for 1/4's