Post #12075 by rayvt on the Falling Knives board

Investment Strategies / Falling Knives

Unthreaded | Threaded | Whole Thread (22)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 8

Recently I've been putting in a BRK-B daily sell limit order reaching for a pop. At 500, then 505.
Almost got it yesterday, the high was 504.95. Soooooo close.

The 500 would have been hit a couple of times at the open, but my order wasn't in yet.
So yesterday after the close I put in a sell at 505, for the next day.

Then in the evening I thought, "Heck, get the sell order in at 510 and then I can change it down to 505 when I log in mid-morning."

BOOM! Got filled at 510.

Now watch BRK-B march up to the Analyst price target of 557.

BTW, I learned my lesson about selling covered calls on BRK some time ago. Never again.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (22)

Prev | Next

Announcements

Falling Knives FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.