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To: jhild who wrote (6297)	1/6/1999 1:17:00 PM
From: John Chapman	Read Replies (1) \| Respond to of 7491

jhild: Right on. I do not trade pennies using indicators for the reasons you outlined. In fact any stock can be played with as you suggest. It just becomes harder and harder to do it the higher the stock price and the bigger the float. It is just something I am tinkering around with. It is interesting to see if there is an indicator out there that comes close to working part of the time with lower priced stocks. One could make a bundle if there is one out there. Another problem with pennies and caused by what you outlined, is one indicator might be found to be kind of reliable with one stock but not be worth a dime with another. I am finding that penny indicators might be stock specific. Have you done any research or know anyone who has on day's trading value such as when that "pocket change" becomes significant? For example if 1 million shares would be traded, that would stil only be $80,000. If 10 million were traded, $800,000 would be involved and we would both agree that would mean something. But where does the value switch from "pocket change" to meaningful?