Consolidated Stainless, Inc (NASDAQ PIPE) Message Board

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Microcap & Penny Stocks : Consolidated Stainless, Inc (NASDAQ PIPE)

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To: Richard Mazzarella who wrote (70)	4/5/1997 11:11:00 AM
From: TATRADER	of 108

Dick, one other point....There is a Lizard in the PIPE..... The Lizard trading pattern is the following: 1) Stock opens and closes within 5%....Pipe did this with an open at 3.50 and close at 3.62 2) Stock hits a 10 day low in price...Pipe did this at 3.25 3) Set entry at 1/8 over Friday high....My entry limit will be at 3.85...If the stock does not reach my trigger price on Monday, it will tell me that we still have a few more days below the 4.00 level...This is a day trader strategy.....If my buy gets triggered, I may exit at the end of the day....Have a good weekend.... Mark

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