Forum Archive Index - March 2000

[Graham Watt <gwatt@xtra.co.nz>]

All stocks go up and down.
It is the work of a trader to invest in a fluctuation (my favorite word).
Pick what he/she considers to be the highest likely rise % wise
from all the stocks he/she is tracking.
Invest an amount that will be easily sold whether it rises or falls.
The max. amount depends on what the current volume is per change in price.
Some stocks go up and down slowly maybe 5-7% fluctuations.
Some have higher % fluctuations on an average.
The maximum amount of gain per fluctuation is what we are looking for.
Basically I rule out 50% of listed stocks on the board.
Just not enough happening in them. So I just keep an eye out for a sudden
increase in vol in them and maybe swap it for the bottom non performer
of the 50% that are worth tracking.
I find the 3 month graphs the best for tracking movements.
A combination of e-information, all forms of media reports etc., etc.
and mathematical interpretations one can decide whether to be in.

My current top 3 GWI picks at close today PYN, SVY, NOG

Highest current fluctuation NOG 54%
Best recovery RNS 20%   (picked last week. see message board)
Most potential SPE

Other comments.
PYN has three good recent fluctuations and I cant see why another
shouldn't be forthcoming.
ADV expect to drop up to 10-15% (Sorry Frank)
TEL Highest rated Blue Chip followed by FLB

That should keep you all happy for a while.
Regards Graham.

Robert Nottage wrote:

> Hugh,
> I suspect you are missing the whole philosophy of day
> trading. Day traders aren't interested in stocks that
> are "expensive" and possible daily gains are only
> between 1% to 2%. The returns are not worthwhile after
> paying for brokerage.Hence why blue chip stocks are
> not your normal day traders stocks unless of course
> there is a major announcement looming and there is a
> chance of gaining a 5% to 10% gain.
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