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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Robet Butkus who wrote (76)7/14/1997 11:18:00 PM
From: TATRADER   of 7396
 
Robert, a smart move...You have about 12 million shares of overhead in the 14.12-14.25 area...I see the stock moving up rapidly to this area, possibly a bit past, churning, and then a violent pullback...
I opened and closed KTZ today...Expansion breakout-High-low spread on Friday of 1.06..Pegged run to 9.12...900,000 shares of overhead at that level...In at 8.50 out at 9.00......Breakout from Rectangle pattern from 5 to 7..Using Fibonacci ratio peg move to 10.24...Also Double bottom pattern from 5.00....Regards, Mark

P.S. I probably got out early, but better safe than sorry.....
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