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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Can you make daily lunch or dinner money if the stock has been range bound?

Date February 9, 2012    Comments Comments (2)    Rate this post Recommend This Post (42)   
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The stock I am talking about has traded in the range of $19 to $19.60 for last 40 days


It offers 7% yield


The daily trading volume is 2 million shares plus - meaning it is liquid trading stock


The one condition to make money is that trading costs - They need to be low like $1 per 100 share lots or less. 


In case stock moves down by say 60 cents - sell and start trading in new range - One can recover the loss in few days 


The ex dividend date is 





Ex-Dividend Date:

15-Feb-12 - 37 cents


I will discolse the symbol tomorrow





Tags : DAILY TRADING - FOR LUNCH MONEY  

2 Comment(s):

Author rjm77me     Date February 9, 2012 18:41 Abuse this post Report Abuse
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Only reason I am not providing more info is that it can be volatile for next 2 days - announced earning after hours today
Author rjm77me     Date February 10, 2012 12:02 Abuse this post Report Abuse
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Here is the stock PBI - it dropped agressively to 18.25 and and 1 hour later it went to 18.90
I did make lunch money - I will wait for a shake out in next three days and let it find its base again - then will trade based on ATR
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