WPK - Low volume stock

[ruth]

I would love to jump in and buy the recommended stocks,  but I am very unsure of WPK.  How can a person buy a stock that sometimes has only 2 trades in a whole day?  Almost half of the trading days in the last 2 weeks had less than 10 trades in a whole day.

I would love to get some opinions on WPK and how others handle a stock with so few trades in a day.
Ruth

[DCA]

I filter out any stocks where my expected trade size is greater than 5% of the volume on the least active trading day of the last week.

In plain english that means no more than 60 shares of WPK.

D

[garilou]

Hi Ruth,

It has been a while that SSP said they were working on a volume filter.

WKP had a "huge" volume on Dec. 9, a little less the 500 K, (2 trades: one 15,200, the other one 449,100, still more suspicious that the buying trader and selling trader were the same, which gave an upswing to the price; since then almost nothing.
Someone might know something we don't...
As for now, the stock has reached a hard resistance... on no volume... Unless something happens, it will soon go down (but "I "do not have a crystal ball    )

We have "complained" many times about this volume problem: this is mostly a problem for who ever would like to follow strictly SSP's strategy (explained in the "Who it works" Forum).

The portfolio building strategy is based exclusively on the price performance.
But if you just can't buy the stock, or are afraid you won't be able to sell it except sell to the market, at prices that will be so far from the one you' ld like to get, you've got to stay away from it.

I think DCA rule is pretty interesting.

But doing so, you can't allocate your portfolio as the strategy would recommend.

The argument was "we might miss good opportunities...", but at the end they did admit they had to adjust their filters.
But it seems to take a long time for SSP to correct it's filters.

Louise