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

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To: TATRADER who wrote (10979)9/2/1999 8:33:00 AM
From: wbASSETt  Read Replies (1) of 59879
 
Agree that EVOL long term is around 7. I expect a 1 or 2 day spike just before the "big news" is delivered. the spike could go as high as 20, but anything over 10 is unsustainable.
I would look for the volume to start climbing to 500K, once the day traders get a hold of it and volumes reach 1M ....bail-out

I got in at the low 4's and had a limit GTC sell for 5.5
I cancelled yesterday and will watch this one a little longer

MSGI. disappointing performance on the good news about GE convertibles being pushed to 2000.....hold long for max. gain (imho)
Walt
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