Filed under: Update
I have had computer problems for the past two weeks, something that has been driving me crazy (after all, I have four personal websites and two podcasts). For that reason I was not able to make my purchase earlier in the week. Sometimes one gets lucky in that way. I finally had a chance to get to Zecco late yesterday to place my order. I saw that CPO had fallen quite a bit and made the decision to purchase two shares, which would cost about $100. My limit order of $47.15 was placed at 4:25pm, which was too late. As I had make the duration Good To Close, I figured that if the stock was still down at the open then hopefully my order would be executed.
As fortune had it, the purchase was made this morning at $46.89. I see that the low of today was only two cents below the purchase price, and the stock has rebounded handsomely. For all I know, the price could fall dramatically tomorrow and I will have wished that I had waited a little longer before making my purchase. However, in attempting to take the timing issue out of the mix (for the most part), sometimes one simply gets dumb lucky.
