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Strategies & Market Trends : Point and Figure Charting
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To: papi riqui who wrote (13591)2/5/1999 4:54:00 PM
From: james ball  Read Replies (3) of 34809
 
You have the right company and by the way what depth of liquidity do you think I should involved in? They recorded that last Friday. And apparently you are wrong as I like all kinds of stocks with all kinds of spreads and floats. It is up to you to either take the recommendation or not. Those that followed it last year did very well and I think they will do well from here on. Your account probably is extremely large and the positions you undoubtedly take are of the size that float and spread make a major difference. The spot was a 20 second spot and did not leave enough room for me to say buy on pullback. As far as me not owning it, they stipulated that I must not own the stock that I was recommending. This comes from Cramer situation a few weeks ago. Now one more thing. If a half point spread in a stock makes a difference in your profit outlook on it, you have the wrong stock. If you are a big player like you undoubtedly are, then float might make a difference in your position. Otherwise a 1000 share or 2000 share position, would probably not cause the stock to do anything especially if you have someone professional executing your order as I am sure you have. Next it is not my place to decide if the float is too small for your account. That is your decision. I will continue trying to recommend the best companies I can regardless of float (naturally if it trades by appointment I might have second thoughts) and regardless of spread. I hope this answers your questions. Tom
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