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Strategies & Market Trends : Attitude Small Stock Discussion

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To: James Strauss who wrote (97)10/22/1997 9:17:00 PM
From: Tim Fierro   of 385
 
The Weekly chart looks promising... The ony problem is the volume... Very low... It trades less than 5000 shares a day... This makes it difficult to buy and sell without impacting the price...

Yep. Just like I want to get in with $1.25 today, but the MM's wouldn't let me. I have adjusted my scans to pick up stocks in the risky arena to only look at stocks with a 20,000 average daily volume.

When the other person mentioned low volume, I checked and saw NO volume for today. Then it occured to me that when I am checking for today's volume greater that the past few days; past few days of 0 and a buy today of 1000 would qualify as a major increase in stock purchases. <g> Not the intention.

Tim

BTW, I am going to actually search tonight for a possible candidate for this forum. Another thing I want to do is post the pick here before I go to bed instead of waiting until the morning when I get on the computer. This way, if it looks promising to anyone, they can evaluate it and get in on it. On most of TA of stocks higher than $1.25, the signal comes just a few days before taking off. With the tiny dollar stocks signal, it can take a few weeks to go off. Maybe with my adjustment on volume, it can go quicker.
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