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lentinman

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lentinman

Re: FinancialAdvisor post# 336

Tuesday, 05/22/2007 4:39:57 AM

Tuesday, May 22, 2007 4:39:57 AM

Post# of 1538
FA:

Your entire post was predicated upon an incorrect assumption.

I did NOT say that you could multiply the closing price on Friday times the 3 month average daily volume. The price on the last day of the 3 months could be anything - way above the average or way below the average. It is simply a way of getting an idea if it is in the ballpark. Here is where I already dealt with this exact question on this board.

http://www.investorshub.com/boards/replies.asp?msg=19463625

On every stock, I took the daily volume times the DAILY closing price to determine if it met the $300,000 ($5k/day) rule.

As to CKGT, the three month dollar volume was $371,000. Several stocks that people picked were lower than $371K - one even at $299 - that qualified.

Len

Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.



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