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Strategies & Market Trends : Trading For A Living

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To: Ken Adams who wrote (380)6/9/1998 12:05:00 PM
From: David R. Parker  Read Replies (3) of 1729
 
Ken, I look at "points" not percent...

It seems that the higher priced stocks don't usually give you as high "percentage" moves as many of the lower priced stocks, but I look for points. It is also harder to find really good high volume candidates in the <20 range. With my $66 INTC last week, I sold at 68.75 the next day. Had bought just before market close (during the H&Q panic) and sold the following morning. I made 2.5+ points, which is my focus. I do work some lower priced stocks as well, am working TDFX and COMS right now...but this board really isn't intended as a discussion of specific stocks, so let's stay focused....

The greater your working capital, the more you can work the higher priced companies. Lets face it, there have been some huge movers in the $100+ range. I'd say "most" of my trades though are companies in the $30-60 range. Seems to be a good bang for the buck there...

If you'd like to discuss specific stocks further, feel free to send me a private message.

Regards,

David
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