Re: 2 Unsophisticated strategies, what do you think?
Sorry, I didn't make this clear. I have no expectation of doing this multiple times in a day. I have neither the time, training, nor desire to spend more time on this than finding a stock that has a reasonable expectation of showing a small profit over a day to three days.
Here is an example that got me thinking of the strategy:
7/21/05 VDSI was upgraded to 'buy'
When the market opened on the 22nd I purchsed 305 shares at $11.18.
During that day, VDSI reached (I think $11.48).
I sold my shares on 7/25 for $11.58 for a profit of $101.87. That is small potatoes, (but about $600/hr for my troubles). But could I have sold at the close of the market on 7/25 and found another similar situation to enter on 7/26? I am just looking for some similar strategies. That may be repeatable more than one every week.
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