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Re: wadegarret post# 5604

Monday, 02/28/2005 11:42:41 PM

Monday, February 28, 2005 11:42:41 PM

Post# of 173768
wade: DGIX

That was definitely one of the risks while I was accumulating ... plenty of days with zero volume. But there's no such thing as a perfect stock. There's always some negatives that can be found. And often my biggest winners have NOT been the one's that I expected to do the best. So sometimes in thinly traded issues, I've come to own the equivilant of several days of average volume. Back in September, DGIX was trading only an average of 500 shares a day for the month. At $0.50 per share, that's the equivilant of $250 bucks a day volume. This February it averaged over 116k daily volume, which is about $150,000 per day at current prices. Pretty damn good improvement, but I never would have guessed it could change that dramatically. A 600x increase in daily dollar volume in a mere 5 months is amazing! ETEC and TMFZ are other examples of very thinly trades issues that have gained a stronger following. Hopefully CGNW will also get 'discovered' after next quarter's results when the trailing PE drops the big loss of last year's March quarter, and the PE shows up as under 5 in all the stock screeners. It could make all the difference in a thinly traded stock like CGNW.


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