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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: ILCUL8R who wrote (12562)	12/2/1997 4:12:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Richard, Make a print-out of the daily prices of the stock. You can get as much as 200 trading days in this site:--- tradepbs.com Mark the lows and the highs that alternately occur from one day to many days. I can see only 2 times that the spread from the low to the high is 2 to 3 dollars; the rest is from 4 to 10 or even more...As you can see, there's money to be made by buying near the lows and selling near the highs. In a 100 share trade, we can not get a spread of 5 dollars to make 500 bucks with regularity because we can not buy and sell at the exact highs and exact bottoms with consistency. So, probably 200 shares is good enough to trade on a spread of about 3 to make 500 bucks each time (consider also the commissions)...Of course with 500, 1000 or more shares to trade---we can Day-Trade for about 500 bucks or more of profit a day since the low and high spread is about 2 dollars in slow days and 4, 5, 6 dollars or more in busy days...By the way, today is super-slow spread-wise with barely a dollar spread...