3 Comments
author

As an aside, this past February 24, I was able to pick up a few shares of ITOT at $91.81 in my Roth IRA based on a GTC limit buy I had set some days (possibly even a couple of weeks) earlier.

It was based on the same $91.93 price for a 15% decline in ITOT shown in the graphic in this article. Somehow, my trade triggered on Fidelity at a price yet 12 cents lower than my limit. Thank you, Fidelity! I had simply decided that, were the price to fall to this level, I wanted to add a few shares. It happened for just a few minutes, early in the morning of that trading day, and then it was gone.

Even at Friday’s close, ITOT stood at $95.00, which at least gives some idea of the power of even a temporary price dip such as happened on February 24.

Expand full comment
author

Follow-up. A GTC buy for IXUS that I set just triggered at $61.78. Roughly 18% off the 52-week high. Bear in mind that IXUS is a proxy for the ENTIRE international market, so an 18% decline represents a significant move.

Expand full comment
author

Doing this as a log for myself. Similar for RIET just triggered at $13.98.

Expand full comment