      There are a number of telltale signs that I look for in a stock whendetermining whether to hold overnight. Reasonably low volatility (no five-plus point-gap moves in the past six months) is of paramount importance tome. I am not one to take on excessive risk and consider the possibility ofviolent overnight price movements to be a little more than I prefer tohandle. Further, I will only consider holding an overnight position if thestock is trending and is confirmed by increasing average daily volume. Areasonably low PE Ratio is also a consideration, but only when I have along position. For overnight shorts, the higher the PE Ratio, the better Ifeel. If there is a supportive band of accumulation/distribution within apoint of my position (within the last six months, although the more recentthe better) I am the most comfortable. Finally, I look for stocks that havea tendency to gap open in the neighborhood of 3/4 of a point or greater. Ifa stock typically opens flat, I will pass on the overnight because I canmost likely get in at the open and capture the same price move without theadded risk.