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Author: raleigh1208 Big red star, 1000 posts Old School Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 89867  
Subject: Re: Improve the Hidden Gems? Date: 10/9/2004 12:11 PM
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I also appreciate the buy-below prices. You mentioned that you are not able to pounce on them at noon and are left out in the cold. I can tell you from experience that even if you are at your computer at noon, with your on-line broker page set to buy, checking the HG site every second, and entering an order right when the new HGs pop up, you still will have a hard time getting much, if any, of the "pop" and oftentimes will get a popped price that you ccould have beaten later on in the afternoon.

With the buy-below prices, you can now set a limit order to buy the stock at that price, or whatever price you feel is reasonable, and just wait. Most HGs have come down to near or below the buy-below price in the days, weeks, or months after the recommendation. I've got several limit orders outstanding now, just waiting for better prices. It's been a pleasant surprise on several occasions now to come home and find one of my limit orders filled for an HG at a reasonable price. Before I started doing this, I bought several good HG stocks, but at too high a price. The buy-below prices and limit orders have allowed me to add patience back into the equation.

Sure you may miss some good HGs with this method, but I'd rather miss the HG than buy it at too high a price. And remember, it's not the end of the world if you miss an HG or two now and then---repeat after me, there will generally be two new HGs, new watchlist stocks, and new Tiny Gems next month, and the next, and the next, etc.--so conserve your cash for better investments and don't use it all up chasing older HGs at too high a price.

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