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This makes me think that I should just place limit orders for every S+P 500 company at $.10. Chances are the orders will never be filled but if this happens aga
by far33d 16y ago
This makes me think that I should just place limit orders for every S+P 500 company at $.10. Chances are the orders will never be filled but if this happens again I'll get rich.
- wr1472 16y agoSounds like Nassim Taleb's Black Swan theory. I wonder if he made any money out of it at his Empirica hedge fund?
- pchristensen 16y agoIIRC, he ran out of money before the crash hit. If he had more capital, he would have cleaned up.
- dkimball 16y agoAs the old saying goes, "The market can stay irrational for longer than you can stay solvent"...
- blantonl 16y agolimit orders typically expire at the end of the day
- inferno0069 16y agoGTC (good 'til canceled) are available to me (nobody special--just a margin account at Zecco) as nothing more than an option to change on a normal order. The only difference is that they stay open across the end of the day. (Supposedly they'll be canceled by something after 30-90 days if I don't cancel them and they don't execute.)