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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Prof who wrote (2155)11/5/1998 1:17:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 43080
 
>>>I imagine you use the simple method I do - simply buy the stock. At the very least it's always good for 1/4 point drop. :-)

not a problem ... as long as your stop is 1/2 point below buy point <bg>

the VERY hardest part of buying any stock is getting over that bid/ask...

I have found that if you are trying and able to buy a stock at the BID, then it is because there are sellers .... hmmmm ... why are they selling?

so I look at the trades going through .... if they are small sellers (trades at the bid), but mostly buyers at the ask (bigger trades) ... then I also want the stock at the ask ...

in other words ... I want a stock that's going UP = buyers at the ask.

Sue