InvestorsHub Logo

lentinman

05/08/07 2:51 PM

#48 RE: Knowledge is King #47

KIK:

1) enter symbol into the Yahoo website, find the stocks "Avg Vol (3m)"
2) multiply that number by the stock's current price"


I previously mentioned the basics for that.

http://www.investorshub.com/boards/read_msg.asp?message_id=19364644

3) if the result is greater than $5000 it's approved.

No. Obviously, the stock price today may not even be remotely related to the stock price over the last 3 months. However, that process will at least give someone a ballpark idea.

save yourself and SSK a mountain of work

I sincerely appreciate the sentiment, however, I accepted the fact that this rule will require me evaluating every stock for dollar volume. It only takes me a matter of less than a minute each because I know how to do a pretty close estimate of a stock. If the estimate is really close, I'll approve it rather than spend all day crunching the daily numbers. Furthermore, once we have a few more people make their picks, I am planning on running a list repeatedly of all stocks approved - OR just update it in the IBox.

I WILL BE HAPPY TO GIVE YOU THE DOLLAR VOLUME PICKS OF ANY STOCK YOU ARE UNSURE ABOUT.

Len