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Worden Discussion Forum » General Discussions » Stock and Market Talk » GNBT

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tobydad
Posted : Saturday, January 31, 2009 11:21:36 PM

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Joined: 10/7/2004
Posts: 2,181
 Not suggesting a monster move (necessarily); but now is the time to begin a buy above the high daily approach.  Stops could be .30, .29 or .25, depending on the amount of risk you want to take.
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driger
Posted : Sunday, February 1, 2009 1:08:34 AM

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Joined: 12/31/2005
Posts: 266
 "buy above the high daily approach?"

what exactly is that?
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tobydad
Posted : Sunday, February 1, 2009 7:35:10 AM

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Joined: 10/7/2004
Posts: 2,181
 conditional buy order one penny above the HOD using EOD data. Especially useful on a stock that shows the kind of buy signals that i like then pull back so that the highs of 3 or more days form a nice trendline. 

Since I don't daytrade, I place my buy order after the EOD data comes in and I have made my picks (or next morning pm). If my order doesn't fill the first day and the high of the next day is lower, I move my buy order to a penny above the new, lower, high.
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