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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (27645)	12/21/1999 10:38:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

how fast is your connection.....mine is cooking tonight...741kbs-1073kbs computingcentral.com

To: LastShadow who wrote (27645)	12/21/1999 11:49:00 PM
From: Rashid Garuba	Read Replies (2) \| Respond to of 43080

Nice thread you have here. This very issue of stock price is a source of endless agony for me. Without a doubt, higher priced stocks tend to be more reliable movers.. less fake moves. I think sitting in YHOO and having it doubles makes for better sleep at night than cheaper stocks. I think expensive stocks in good sectors tend to travel from $100 to $200 with less effort that a $10 stock to $20 (in the absence of news). The cheaper stocks get, the more they need news to move them. I began in BB's and worked my way up to trading the YHOO's and CMRC's. The pennies trade almost purely on news expectations. And I strongly prefer a stock moves on it's own. Another question is if you only had one stock to trade regularly, would it be a known leader, or otherwise? I don't know of very many leaders in strong sectors that are under $50. A friend of a friend bought 6 shares of QCOM in the $250 area.. was very funny at the time. Lately I am useing a screen requiring stocks under $50 have 3 times as much consistent volume as stocks over $50. When I need a cheap news driven high flier my gainers/actives window will provide one. My broker (E-trade) requires stops be a whole point away rather than a percentage, meaning a volatile stock bought at $6 must be watched until it gets to $6 3/4 before you can use a 5% stop loss. Same difficulty with buy-stops. So in a way, expensive stocks allow more precision.. Can't wait for decimals. Best Rashid