Here’s Why It Pays To Look At Everything
This Live From TradersWire
first appeared on 5/30/03.
As a general rule, our alerts focus on
institutional quality issues that trade for over $15 a share. There’s a
universe of stocks out there to choose from, and in most cases it’s the higher-priced issues that have the type of intraday momentum and volatility that
provide consistent results for daytraders.
But, that doesn’t mean I turn a blind eye towards
a solid-looking setup just because it happens to be in a lower-priced stock. It
might just end up in the TM chat instead. Quite often, it’s in this forum where
“unofficial” rec’s will be alerted to, and then it’s up to our members to decide
if something strikes their fancy.
In the TM
chat room I put up a few pre-market alerts. Two of them were
daily chart break outs above key resistance, after establishing very nice basing
patterns. Because the stocks happened to be well under our typical $15 price
level, and with the opening bell being seconds away, the decision was made to
put up my thoughts in the room, giving our subscribers a possible opportunity
that might otherwise go unnoticed.
I guess you could say that sometimes the
little things really do mean a lot.