All I have to say is WOW!!! Hope everyone had a good day today, haven't made so much money in one day since 2000. Good luck, shneed
That's right! I remember earlier this year thinking the summer would be horrific based on how slow last summer was. So far it's been great!! Days like today sure do bring back memories of the good ole days. Volume and volatility. . . what more could you ask for? Tony
You said the magic words man! volume and volatility. I would add a little more to it and say, "dollar volatility" - as opposed to just percent volatility. But that requires higher priced equities, which we seem a long way off these days. (explanation: i'd prefer $5 range on $60 stock, which is about 8% range, compared to 15% range on a $15 stock, which is about $2)
Okay daniel, here's what I see you saying: suppose you bought $10,000 worth of $60 stock and I bought $10,000 worth of $15 stock. You have 167 shares and make $5.00/per = $835 I have 667 shares and make $2.00/per = $1334 Please explain again, why do you prefer earning 8% instead of 15%? I think I'm missing your point here.
QUOTE]Originally posted by Lavish Okay daniel, here's what I see you saying: suppose you bought $10,000 worth of $60 stock and I bought $10,000 worth of $15 stock. You have 167 shares and make $5.00/per = $835 I have 667 shares and make $2.00/per = $1334 Please explain again, why do you prefer earning 8% instead of 15%? I think I'm missing your point here. [/QUOTE Most Traders perform trades with a set number of shares rather than a fixed sum of money. If a trader opens a position with 1K shares then the following results would be achieved: 1K of stock priced at $60 moves $5 (8%) yields $5,000 1K of stock priced at $15 moves $2 (15%) yields $2,000 - Greg
just buy then sell then buy again. thats how to make money. trade mutual funds this way you can put in fixed $ amounts
rally from the lows was great...hope most of you had a good day. All it took for this market to rally so much was for some big institution to start buy the sp. Stocks werent cheap. All it was was the change of trend for the sp. what a rally