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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

 

Posted at 13:09 in External Blog  |   Permalink  |   Comments (2)     |  Top

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