Investors....come in please!

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Originally Posted By: Turk
So. I logged in & saw the 1k score in my IRA, so I sold it.


At these levels...that's the only way to play this market. Take profits when you get them and cut your losses.
 
Originally Posted By: Warstud
Originally Posted By: Turk
So. I logged in & saw the 1k score in my IRA, so I sold it.


At these levels...that's the only way to play this market. Take profits when you get them and cut your losses.


Yea, I saw that and said 1k in 1 1/2 days? I'm gonna take that quick gift. Thank you very much.
 
Originally Posted By: Pablo
Still standing by.

Looks like a depression or I would be all over gold and the miners. I may buy some silver though. 10 and 100 oz bars.


Probably a good call, Pablo.
 
VERY interesting piece last night on 60 Minutes about the Chinese real estate bubble. They're talking about it on Bloomberg Surveillance this morning. This thing is so huge, it may cause a revolution in China as it deflates. This may be the trigger for the long awaited global debt bubble popping.

You know it has to happen eventually.

If you give technical analysis any credence, take a look at a 10 yr S&P. Huge double top suggesting a retracement of the March '09 lows. Fundamentals are also lining up. Could get ugly.
 
Originally Posted By: Turk
Ok, we've reached an all-time new Dow high.

Now what???



Great question.
 
Hangin' at 30% stocks. This is almost killing me, but need to be patient. The pullback's gotta come, I think.
 
General question on a specific situation:

Say you own a stock currently valued at $20 and you have a sell order to sell if the stock falls to $18. What happens if the stock closes at $20 yesterday and opens at $15 today? Does it sell at $15 at 9:30am at market open, or would it sell at some point during after hours trading when the stock crossed $18?

The same question could apply in reverse. If the stock is valued at $20 and you have a sell order at $22, what happens if the stock opens at $25 the next day? Do your shares get sold at $22 or at $25?
 
Originally Posted By: Hokiefyd
General question on a specific situation:

Say you own a stock currently valued at $20 and you have a sell order to sell if the stock falls to $18. What happens if the stock closes at $20 yesterday and opens at $15 today? Does it sell at $15 at 9:30am at market open, or would it sell at some point during after hours trading when the stock crossed $18?

The same question could apply in reverse. If the stock is valued at $20 and you have a sell order at $22, what happens if the stock opens at $25 the next day? Do your shares get sold at $22 or at $25?


It depends on a few things. Maybe this will help:

If its a day order it would be canceled at the close of the market, so nothing would happen the next day, a moot point. If it's a GTC {good till cancel] limit order it won't sell until it climbs back to $18. Nothing executes in after hours unless you enter an order for after hours.

In your second example if it was a GTC order with a $22 limit it would become a market order the next day and fill at or near $25. Now if it was entered as a stop limit order nothing would happen until the stock dropped to $22, so you could take advantage of the upswing in the price and move your limit up, or cancel the stop limit order and sell at market, or at a limit price. HTH
 
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Yea, it depends on whether the orders are market or limit. If they're market orders, they get filled no matter what; in your examples, they'd get filled at the gap down in example 1 and the gap up in example 2.
 
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