Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (16273)	6/8/1999 12:27:00 PM
From: Jon Stept	Read Replies (1) of 25711

Hi Joe, Thank you for sharing your picks with us here at SI. Your cool, professional firm yet positive manner is appreciated. I have you bookmarked and find your posts helpful and instructive. You have a penchant for BB picks, and I have a question about FGLD, a momo that interests you. I notice that often the volume percentage gain is present for a momo, but that new volume spike is usually a stock that normally trades on very, very low volume. So, when I see vol of 588K on normally 33K with a price of .04 - .07 it only translates to about $20K-35K, I wonder how many people are actually trading this stock and what their absolute dollar profit expectations are. Do you hope for a 300% multi-day momo against a 5K investment, is it smaller or larger... or am I missing a dynamic here? Thanx for any insight, whenever you have a moment. Jon :)

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