Gerry, I was referring to interday vs. intraday trading. The graph below is all I really have to go by for the Sept-Dec time period when ZITL did its ascension.
tscn.com
Coincidentally, when I first visited my current broker's offices, everyone there was going crazy trading ZITL up and down all day. As for doing the same with ALYD, even if the commissions were not an issue, I still have a day job (gg). Also, until I'm sure the volume will stay at 500K+ and the bid/ask will remain tight, I am leery of (intra)day trading a BB stock.
Here's a chart of IMRS over just the past month. For the most part, it finished a little higher each day. That's not to say you couldn't play the intraday swings, just that if you sold one day in hopes it would drop the next, you were out of luck.
tscn.com
Bottom line, I have no problems trying to play 10% swings on ALYD. It's just I, personally, am not comfortable doing it now. Certainly I am envious of a friend of mine who took 125%+ profits at 22.5 and bought back at 18 7/8, but I think I am fearful that one of those big potential contracts on my list gets announced and I'm left in the cold.
I've waited 5 months for 20, I'm willing to wait another couple of months for 60 (gg).
- Jeff |
