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

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To: TATRADER who wrote (12006)12/3/1999 9:06:00 PM
From: JACK R. SMITH JR.  Read Replies (1) of 59879
 
Trader,

My thought is that your buy on PDG is a good longer term hold. It showed up on my scans a day or two ago. Looks line good support around just below 10 and do not forget your old highly leveraged favorite here, DROOY! Gold Newsletter had an issue featuring DROOY.
October issue.

Do not feel bad about your gold position. Buy cheap here and set your stops and hold for a period. My thought is that we will see a rally in 2000 that will make your investment worthwhile. The leverage in PDG is not nearly as great as DROOY, but still a widely followed and very good stock, and should do very well!!

How about that run at resistance today!! Closed right at the resistance level, and did I say we would have some volatility here? We are talking of the S&P 500 here, and perhaps I should use the cash basis when I talk here, but did we hit resistance?

Lets see if we close clearly above that level next week?

Regards to you and all here,

Jack!
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