Thank you to each and everyone of you that has res
Post# of 56324
Posted On: 09/13/2014 5:10:44 PM
Thank you to each and everyone of you that has responded. I know this is a great board with many very talented individuals and numerous areas of expertise that will contribute to the overall successes of the members of this board.
The goals are simple:
1. get organized
2. initiate action (DD, FITX Questions/Clarifications,etc., Develop accumulation strategy ( individually, but as a group action)
3. Initiate FITX contact then sticky results
4. Initiate Limit Orders, again individually but as a group action.
The power of working as a group is obvious. FITX will likely appreciate a professional approach by a group of dedicated shareholders and be aware that as our numbers grow so do the groups individual holdings
The advantage of trading collectively (again individually but as a group) is very simple yet very critical. If for example, I place a limit order at X PPS and 10 people in the group do the same then the buy size collectively is 5X larger, when coming from 10 separate buy transactions the volume level remains the same 1X10 but the perceived interest level to MMs is different in that there are 10 limit orders buying at the same price point. Now increase the number of people to 50, 100 and so on. Clearly, this would potentially make far more impact than just myself setting a single limit order.
Now, if I and several of the TA guys have done our homework, we can fairly easily post anticipated PPS in advance along with a short and long term strategy designed towards accumulation. In short, this means objectively lowering averaged PPS buy buying on dips from profits realized by selling a percentage of portfolio on highs over averaged PPS and holding a core position. Profits are then reserved and used by shareholder (individually) to buy using limit orders which are again the job of the TA guys. Absolutely no one is ever obligated to use any TA ever posted at any time but the benefits by doing so should be fairly obvious here.
I want to point out the obvious here as it pertains to MMs who use an organized methodology to maintain liquidity. Working as a group effort sort of levels the playing field a little simply by being organized.
The goals are simple:
1. get organized
2. initiate action (DD, FITX Questions/Clarifications,etc., Develop accumulation strategy ( individually, but as a group action)
3. Initiate FITX contact then sticky results
4. Initiate Limit Orders, again individually but as a group action.
The power of working as a group is obvious. FITX will likely appreciate a professional approach by a group of dedicated shareholders and be aware that as our numbers grow so do the groups individual holdings
The advantage of trading collectively (again individually but as a group) is very simple yet very critical. If for example, I place a limit order at X PPS and 10 people in the group do the same then the buy size collectively is 5X larger, when coming from 10 separate buy transactions the volume level remains the same 1X10 but the perceived interest level to MMs is different in that there are 10 limit orders buying at the same price point. Now increase the number of people to 50, 100 and so on. Clearly, this would potentially make far more impact than just myself setting a single limit order.
Now, if I and several of the TA guys have done our homework, we can fairly easily post anticipated PPS in advance along with a short and long term strategy designed towards accumulation. In short, this means objectively lowering averaged PPS buy buying on dips from profits realized by selling a percentage of portfolio on highs over averaged PPS and holding a core position. Profits are then reserved and used by shareholder (individually) to buy using limit orders which are again the job of the TA guys. Absolutely no one is ever obligated to use any TA ever posted at any time but the benefits by doing so should be fairly obvious here.
I want to point out the obvious here as it pertains to MMs who use an organized methodology to maintain liquidity. Working as a group effort sort of levels the playing field a little simply by being organized.
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