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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Rashid Garuba who wrote (4242)10/26/1998 7:53:00 AM
From: dealmakr    of 59879
 
Rashid,

Where am I going? Will be focusing a lot on DELL in the next 2 weeks. Next price that must be taken out is 60 maybe with a runup into earnings. Old high @ 69, if not taken out am looking at a big reversal. I think that DELL is a good representative of the market in general at this point along with a few others, but am watching a lot of small caps regain a bit from a severe correction. OSX sector still suspect to me with crude oil prices low and dayrates down am looking for shorts to open intraday on weakness. Am also watching NEM for Mark's entry point of 20. IDX earnings come out tomorrow and still looking for a surprise with move to 7 1/2-8. Made a nice move last week and am holding a large position. Resistance @ 7 1/4. Also internuts strong last week, I can't borrow any AMZN to short, but will be looking for puts on any weakness.

Good Trading

Dave
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