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To: coloradan
That's not how it works. When a market guy says buy when the Dow is at 2247, he doesn't get credit for a gap opening.

He called a buy at 2247 and the Dow closed that day at 1739. That is a BAD call!!

73 posted on 02/04/2008 5:46:38 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot

I still can’t discern from your posts when he called a buy signal, Friday before close, or Friday after the close, or Monday after the open. I do know that the market closed down 508 points from Friday’s close to Monday’s close, which is the difference between your two numbers. So I’m guessing he called the buy after Friday’s close. In that case, no lemming blindly following his advice could have possibly bought at 2247, the markets were closed. They could have only bought Monday at the open, which would have saved them some 200-300 points.

True, the markets would have closed sharply down from that price, making it a “bad call”, but he missed the bottom by only one day (Monday’s close, not Friday’s close) and he does get credit for the gap down, because no client would have bought Friday’s price which you quoted, if the buy signal was issued after Friday’s close.


74 posted on 02/04/2008 6:12:32 AM PST by coloradan (Failing to protect the liberties of your enemies establishes precedents that will reach to yourself.)
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