Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (453)	2/6/1998 12:42:00 AM
From: Ken Wolff	of 2120

NEWS STORY STOCKS (PART III) A good story should propel the price at a quick pace over 10% depending on the price. Many "good" stories will only move the stock 1/4 of a point before it starts to sell off. That does not leave much room for one to enter and exit with a significant profit. Keeping an accurate record of specific stock movements will soon make you an expert at rating the momentum strength a story will have on a stock. I look for GREAT stories that propel a stock at percentages over 20%, but knowing the impact good stories has on a stock will prepare you for the great ones that always come along soon or later. Many times the impact is also dependent on the sector the stock is in. I use a news scanner where I can put in keywords to give me news ALERTS. Here are some sample keywords I program into my news scanner: [UNEXPECTED] [FDA] [APPROVAL] [PATENT] [EARNINGS] [PACT] [SUITS] There are many news sources such as PR Newswire, BusinessWire, Reuters, and Dow Jones News Service. Be sure you get "REAL TIME NEWS" and not a cheaper delayed source. I have found the best mover of stocks is the Dow Jones Real Time News. (continued...) Ken mtrader.com

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