Expert: Wong Chin Woon - 12/22/2006

Question
Can you give me a few names / symbols of stocks that are good for day trading, pretty much day after day, good at least for the next few weeks. Thanks.

Answer
Hi John,

I don't do stock screening. This is homework question.

FIY, whatever stocks, after a period of swing, will get quiet down and hence volume shrined. This is just like law of vibration. It is difficult to predict when will the market start to get quiet. Perhaps we can only observe through it volume and daily range.

One quick rule, if a particular stock start to move, meaning daily range expanded compare to last few days, it will continue to get volatile. Under this circumstances, it will be best suited for day trading.

Cheers!

Wong