Don's Openings and More for 2006

only took longs today +375 gross

hon +150

hpq +225 bailed on 500 too quick, but was filled at a lucky 31.95 on the other 500 shares)

good enough for holiday trading.

 

Longs and shorts, all "green" + $700...good Monday.

Don

 

Two small short wins, +140 net

 

what time do you guys put these orders in?

k

 

Don,

Do you know what's the official rule on stock split on orders entered pre-mkt? I got filled on LOW on the long side today because I didn't know it was splitting today, and esignal was still using the pre-split price. I thought the specialist was suppose to adjust all pre-mkt orders in his books to reflect the split adjusted price regardless. At least that's how I remember it from previous experience.

On a related note, what's a reliable source for stock split info? I checked briefing.com and it doesn't even show LOW as splitting today.

Thanks

 

9:28-29

 

Try yahoo. http://biz.yahoo.com/c/s.html

Lowe's shows up here: http://biz.yahoo.com/c/06/s6.html

And, stock split date has price already adjusted and shares doubled (in Lowe's case anyway)....So you need to treat it as simply a lower priced stock. The "rules" pertain to "Announced" date (May 25 in this case). And the "rules" must state date of split.

We insert split dates into our worksheets, and check once a month for announcements.

Hope this helps...

Don

 

4 long fills, 3 wins and a loss, +344. Too much patience on TXN cost me $300.

Also, got pimped on two short orders that were not filled -

UPS sell at 82.91, stock opened at 82.94

GPS sell at 17.23, stock opened at 17.25

In both cases I was told the proverbial "stock ahead". I could see if the stocks opened at my price, but has anyone experienced this when your order is 2 cents or more better than the open price?

 

If a stock opens at your exact price and not through it, you can count on getting the "orders ahead" song and dance. How big the uptick is does not matter. Shorts are always last in line. If they trade through your price, you've got a legitimate gripe.

 

In both cases they traded through my short order with the opening print. I know that shorts are the lowest priority, but I should have been filled if I offered a better price than the opening print. The order was in prior to 9:28, so that wasn't an issue.