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Tuesday Morning Corporation Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Oct 26, 2008 12:22 PM Flag

    What a sad, pathetic fellow

    Since posting times are U S Eastern, it is not at all clear that it was "afternoon" or "night" when the referenced postings were made. Longtimefollower may be in Tashkent or Vladivostok or 京都.

    He/she is correct about TUES valuation.

    I do not agree that abrupt doubling of position size at $1 is the way to accumulate it, though. Instead, small additions as the price drops--if it drops--are the way to proceed.

    In particular, one could set a minimum position value goal and a somewhat lesser spring-to-action value. A buy order is entered with its limit set so that the position's value at the limit price is the spring-to-action value and with the order's size sufficient to ensure, should it fill, that the position's value at the limit price is equal to the minimum position value goal.

    Example: One owns 100 shares of TUES and decides to maintain a minimum position value of $175 and a spring-to-action value of $150. The buy order to enter is one for 17 shares, limit $1.50 since a share price of $1.50 brings the position value down to the spring-to-action value of $150, and a 17-share purchase at that price brings the position value back to $175.50.

    The lower one's transaction cost, the closer to the minimum position value can the spring-to-action value be set.

    We had a glorious sunset about a month ago up here.

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