I had an order in to buy GTE at $7.04 and got impatient. Had I just left it alone, I would be in 200 shares of GTE. As it was I raised my purchase price to $7.08 which was executed yesterday. It’s down a little today (and I might have even gotten it lower). My target sell price is $7.60.
The price dipped to $6.75 today. Looking at the outside boundaries of this range, if I had gotten in at $6.75 I would look to close the position at $7.75 for almost 15%. I still like my range of around 7% return, but wouldn’t turn down double the return. I’m in where I’m in.
This is what I’m doing, do your own thing. All posts are for educational and entertainment purposes only.