Tanny,it's not always a buy. Each day is different.I watch the...

Tanny,
it's not always a buy.
Each day is different.
I watch the course of sales, the buy/sell spreads, changes to the buy sell volumes and the momentum plus a few other indicators.
over $1 billion market cap
asset backing $2.47 a share
down 12c on friday which is greater than the change in dividend.
looks oversold
a buy?
I think so but from a day trading perspective, depends on what the data reveals in the mornings.
the high and low spread has been consistently large, the number of trades has been consistently large
the daily high/low spread is about 10% and the monthly high/low spread is about 40c.
a buy?
Yes, the timing of the buy is obviously the key.
Buying within 2c of it's days low usually results in about a 3c profit if sell is within 2c of the high for the day but of course this varies day to day.
the large fund managers are in and out on a regular basis ( check the changes to the substantial notices).
the pre open and pre close often has very large orders being placed by the fund managers.