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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (3366)	8/28/1999 9:49:00 PM
From: Cormac	Respond to of 18137

...or watching stocks of a certain sector follow the leader... Cormac

To: Bilow who wrote (3366)	8/28/1999 10:05:00 PM
From: Dominick	Respond to of 18137

Bilow: Good point! You just reminded me. I was invited to spend the day on the floor of the Phila. Stock Exch. a few years ago. A member was in the process of developing a program that would perform relative strength comparisons with individual stocks. For example: if IBM went up what stocks go up with it. Thanks, Dominick

To: Bilow who wrote (3366)	8/29/1999 12:31:00 PM
From: Cash	Read Replies (1) \| Respond to of 18137

I know guys who arb different stocks in the same group against each other. They go long the stronger stocks in the group and go short the weaker stocks. While I've seen them have a $2000 win in one stock and a $1000 loss in the other, I've never seen them have a $2000 loss in one and a $1000 in the other. Thus, while the upside is limited, the risk is also limited. I also know guys who arb different classes of the same stock and do quite well with that, but the procedure is more suited for swing trading than day trading.