daytrade diaries... tuesday, page-106

  1. 14,929 Posts.
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    Marsi, re MNM: in my opinion, it's not worth your attention because it has neither the liquidity nor the trading volume to make a safe short-term trade. There are too many gaps in the Buy/Sell depth and too few trades going through to suggest the current interest will be sustained. That means it could tumble just as fast as it rose. Look for stocks with greater trading volume for a safer play - there are literally hundreds around.

    I know nothing about the stock's fundamentals - this is purely an opinion on its suitability for day trading. And this is just one trader's opinion, so feel free to ignore!
 
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