Posted by: jhyalincha April 24, 2007
Making Money with Eminitrader
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bric, was not able to respond to your queries earlier...busy day. to answer your question on the trading value of the stk being at or near 52 week high, yes they are, but the outlook on these are still very strong based on both qualitative and quantitative analysis that has been done so far. I would not recommend a day trading strategy on these stocks though. These stocks just dont have that quick in and out profit potential. For someone willing to buy and hold for at least a quarter, this could be a good fit. I would still set a stop as suggested by emt, and that calculation he has to set the stop is pretty sound.
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