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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: IdiotJed who wrote (14274)3/29/1999 8:04:00 AM
From: the Chief  Respond to of 37507
 
Thats true for a longterm holder but not for a daytrader. A daytrader is playing the swings, and is only concerned about the price change from a fixed position, he is unconcerned with the initial layout...just the variance. I know I have explained this poorly, becuase Dagan and you have missed it...and probably others...but thats the best I can do.

Sorry

the Chief



To: IdiotJed who wrote (14274)3/29/1999 9:02:00 AM
From: Mark Kubisz  Respond to of 37507
 
The way I understood the Chief's remark, he was talking about percentage relative to the size of the drop, not relative to the price. For example, BII opened 13.15 but dropped as low as $11.40, a drop of $1.75. What I understood the Chief to be saying is that just 20 minutes later you could be looking at 200% more than that difference i.e. $3.50 more or $14.90 - an eminently plausible scenario ($3.50 being 200% of $1.75).


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