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


To: EaglePutt who wrote (6437)1/14/1999 10:57:00 PM
From: LastShadow  Read Replies (1) | Respond to of 43080
 
GBFE

For good or ill, I am no longer long on this one. About twenty to 4 I set a limit sell at $2 and Yamner called to tell me it filled shortly before close. I didn't expect it to, as there were a ton of orders in front of mine, but it did. My plan was to try to get as close to the front of the line for a sell-at-open. Both ISLD and one other ECN system showed two huge Ask sizes waiting, so I didn't figure mine would take.

It did. I will look to reenter tomorrow if it corrects down after a gap or if its flat at open. I do expect some movement in the market tomorrow with the long weekend and down market for the earlier part of the week.

ls