|
Lynn: Swing trading is short term holding; and by "short term", anything from a few days to a a couple of months. It is in my view, a much less stressful form of "trading" taking advantage both of momentum and news. It requries a certain faith in the company , a certain knowledge of the company ( both, not of concern to day traders), and a willingness to ride short term price fluctuations. With a company like navarre, with a good product, a good future, and an incredibly hot ipo anticipation -- with also the knowledge that recently internet ipo's have done very well -- swing trading, on the longer end of the range, can be quite profitable and rewarding. Because what you get on the upside -- ipo filing, actual ipo -- far outweighs any short term price dips. I would much rather take the dips, and watch this baby move to higher and higher CLOSING highs, than day trade in and out, with the danger of missing a spike. Also, this stock price -- one can preduct with relative certainty -- is a much better RISK ( that is less downside potential due to company factors) than many other internet plays. |
