08-Jul-08
Update
APWR -- Like a broken record, sold on morning spike (less than 1% profit), and bought on dip later in the day for a fantastic price. It proved to be fantastic in the afternoon as APWR shot up in a violent way leaving me 11% ahead at the close, which was the largest one day gain yet.
Tomorrow I will attempt to get a good morning spike sell price once again. I think some short covers will exaggerate the spike.
If anyone is reading this and thinking of buying APWR, here are a few tips -- buy between 10:00 AM and noon, Eastern time, on a dip in the price. For whatever reason, sellers dump large blocks during that time and not many buyers are around. Always use a limit order -- market price will cost you an extra half a percent sometimes. It helps to set the limit a few cents higher than an even 25 cent increment, like if you want to buy at 23.00, set the limit around 23.03 -- it'll cost a few cents but then you avoid the large support that sometimes sits at the even numbers, never quite reaching your price. Do not buy from 9:30 to 10:00 AM Eastern time, that is by far the worst time to buy, as the price usually dives 3% to 10% within a few hours almost every day.
Tagged Stocks: APWR
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2 Comments on "Update"
Posted on 09-Jul-08 10:15 by BlainR
I'd like to have a diversified account like a normal investor but I just keep getting burned by this market. I'll stick with my comfort zone for now. I've desparately wanted to get into STLD -- still thinking about it.
Posted on 09-Jul-08 12:35 by yaktipper
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