Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : How to best deal with KOOKS at this web site -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (1760)	11/13/1998 10:06:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 1894

Jeff Cooper says to buy high-priced stocks. Is he a Kook? Jeff Cooper wrote the book called "Hit and Run Trading". You may have seen the book advertised in Investor's Business Daily. Cooper says he trades higher priced stocks because "it is a lot easier for a $60 stock to move four points and trade to $64 than it is for a $12 stock to trade to $16." [p.13] He goes on to say, "I prefer to trade in higher-priced stocks. For a $10 stock to move three points requires a 30 percent move. For a $50 stock to move three points requires a 6 percent move. This may seem like common sense but most traders flock to low-priced stocks and avoid the higher-priced stocks like the plague. Therefore, Rule #3 is: Only trade in stocks whose price is above $30 a share and preferably above $40 a share." [p.15] Common sense? Maybe I have no common sense because, IMO, to trade high-priced stocks for the reasons given above, makes absolutely no sense whatsoever to me. Am I missing something, or what? Ice