Comments on Fund My Mutual Fund: Bookkeeping: Initiating Agco (AG) Position

thanks for reading! :) and to follow up my above c...

2007-11-15T16:43:00.000-05:00

thanks for reading! :)
and to follow up my above comments in shorter manner, I try to catch the middle of a move, I never get the exact bottom or top, but if you can get the meat of the move in the middle consistently over time you will do well.

Thanks for the great explanation. You have a grea...

2007-11-15T16:36:00.000-05:00

Thanks for the great explanation. You have a great Blog here and I really appreciate reading it.

Absolutely. That is where my limit order is sitti...

2007-11-15T16:30:00.000-05:00

Absolutely. That is where my limit order is sitting in fact for the 2nd layer - but I try to layer in and out of positions. Perhaps in a benign market we would of never had a chance to buy at this level and the stock would be in the low to mid 60s so I consider it a nice first entry point. If market turns on a dime at least I have something in the game and can buy higher for the 2nd swig. If market continues to be weak then my limit order goes off. I never go all in at once or al out on longer term positions because calling the market near term is hard, and I am not very good at it. As I wrote in the entry my hope is it falls to that level and judging by how weak the market appears I think it has a good chance, but its not a guarantee. Let's say it doesnt and then goes back to $60+. This way I at least have some position established in the $50s. If I plan to make this a 3%+ position this early stake is only about 25% of my future position. Last, the stock could break support for all we know - so maybe I can layer in another buy in the low $50s. Never know! So thats why I layer in and out.

Hi Mark,Considering the short term trend of the ma...

2007-11-15T15:24:00.000-05:00

Hi Mark,

Considering the short term trend of the market, would it not be a better LREP to pick up AG after it fills the gap?