here are a few more i will start biding on next week..... clne, crk, pds, mg, ppih...... can't remember if i've mentioned rngr and geos before....
some over the past few weeks have doubled already..... this brings on what might at first seem as a dilemma....
do i continue to add on something that has doubled already..... in this case yes..... even after they have tripled, i will be still bidding lower than market price..... on select issues of course..... remember, these for the most part are at or below book value, low pe, low price to book, low price to cash flow and so on......
many orders will never be filled.... that's ok..... cancelled couple dozen this morning for that reason....
i will maintain buy orders on everything for the next month at least...... even if it's 5 times above my lowest entry.....
my definition of 'bidding low' is flexible.... usually around 1/5 lower than market price.... so something going for 5$, my orders would be around 4.......
in the case of mg below, my orders will be around 3.....
no rush..... still plenty time.... we are not out of the woods yet..... the transportation index leads the market and it still has a ways to go.....h
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to trade and code, keep both simple... no call to impress....h
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