InvestorsHub Logo

RootOfTrust

08/22/03 12:38 PM

#7290 RE: SPIN #7289

SPIN re: volatility

I am looking to the future when news together reportable revenues will drive the kind of volume we briefly saw. 70M shares is still a very small float, by volume leaders standards. If WAVX returns to 20M/day (or less) it will be a day trader favorite, you can be sure of that. That one day where WAVX out-traded it's float...that was amazing. Bear in mind that usually stocks that trade that kind of volume regularly are trading a small fraction of their float.

RootOfTrust

08/22/03 12:40 PM

#7291 RE: SPIN #7289

OT: P.S. SPIN

If I was a day trader I would screen for betas north of 3.0