Active Investor Update
Bottom line: I had said to let Nymex open and then buy it down. I didn't think it would open this high. If I wanted 500 shares, I'd buy 125 right now.
Then I'd wait to buy more -- not today, not Monday, but a week from now. If in a week it's above where it's trading today, I'd buy 125 shares, and if it's below, I'd buy 125 shares. Then, if after I'd made my 125-share buy, it still was above, I'd call it a day. If it still was below, I'd keep buying until I got to 500 shares, using 10-point increments down. If worse comes to worse, you'll have 250 shares of what will be a great stock of a great company. There are only so many exchanges. They have fabulous barriers to entry. You can ride this one as it raises fees and becomes more profit-oriented. And as wacky as it seems, it will work for you. Random musings: New book alert! Jim Cramer's Mad Money: Watch TV, Get Rich comes out Dec. 5. Even better, I've got all kinds of special deals for the book and Action Alerts PLUS and more, so watch the site. Can't wait? Gotta be the first one on your block to have it? Preorder your copy on Amazon now.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
|
-0.35%
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-2.71%
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