Steve-
Thanks for that post, I think it's probably the most valuable thing I've read here on these markets, and a great description of the nasdaq action, including the MM exodus when you need something done.
Especially-
"Rather, my suggestion is too look for stocks where intra-day patterns and behavior can be seen, not so voluminous that the action becomes nearly liquid, but enough that there is a high probability of a trading range sufficient to yield intra-day gains. As well, look for stocks based on a sector analysis; buystocks in sectors where the money is flowing for the day, short stocks where capital is
fleeing, timing, of course, being critical to both. I suggest looking for stocks where larger players, not the flock of daytrader, but a few capital rich mutual funds or institutions, are beginning to accumulate a position. Look for that particular action that indicates that the stock is under accumulation today
and has greater odds of moving higher than lower from your purchase/sale point."
-GREAT STUFF!
What this thread is about, right? Thanks again!
-Alex |
