The Perfect Stock: How a 7000% move was set-up, started and finished in an astonishing 52 weeks by Brad Koteshwar
Author:Brad Koteshwar [Koteshwar, Brad]
Language: eng
Format: epub
ISBN: 9780976932413
Published: 2012-02-13T16:00:00+00:00
4300 x $93.75 = $403,125 account value if indeed Taser reached the new buy price
Margin 50% of this amount = $201,562.50
At $93.75, the margin funds will buy = $201,562.50/$93.75 = 2150 shares
So he added an additional buy stop order to his journal:
Buy-stop 2150 TASR @ $93.75 GTC
And on January 9, his new buy stop was triggered and now he owned a total of 4300 + 2150 = 6450 shares. And as was his standard operating procedure (SOP), he placed his stop-loss as soon as he was filled at the new higher high price. The sell-stop order read:
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