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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: sandytoes who wrote (9112)12/10/1997 11:34:00 AM
From: Greg Butcher  Read Replies (1) | Respond to of 79429
 
RE:"5% is 5%..doesn't matter where it comes from, no?"

Correct, Sandy..but have you ever heard the saying "it is better to make a fast nickel than a slow dime"

the nickels add up much faster...when the swings and volume are there. This small stock crap is for the birds.



To: sandytoes who wrote (9112)12/10/1997 11:37:00 AM
From: MJR  Read Replies (1) | Respond to of 79429
 
>>5% is 5%..doesn't matter where it comes from, no?

That's true, but if I buy 100 shares at $3, 5% is $15, but 5% of a $20 stock (at 100 shares) is $100... and it seems more likely that the $20 stock moves 5% quicker than the $3 stock.. but that's just my personal opinion.. also, I never place a stop limit such that I will make less than $100 on a trade...(I'm not a huge investor so $100 is not a bad gain.)

Mike