And that's exactly what's wrong with limit orders. You're obligating yourself to buy stock at a price that will most likely get reached for all the wrong reasons. All things being equal, I'd rather buy a stock that seems pricey than one that appears cheap. I like to buy strong stocks, buy 'em high and sell 'em higher. In stocks, just as in sushi and suits, you don't want too much of a deal.
Strong stocks are expensive.
And they're worth it. So when it's time to move, I use market orders and pay up. I'll explain in my next column, one week from today.