a couple things about this.....if gaps stock gaps up like FCN and trends down, this highest point would effectively be the open, theres no knowing that it will trend back up to higher highs, when its trending down......you post the open price but on stock like ALT that are AMEX fills are slower and you won't be guaranteed price at open same with low floaters on the naz....another thing your assuming that you will sell at at the high for every single stock...another strategy would to just buy a stock like mtoh @ .05 and selling 6 months later 140 
