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

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To: GTC Trader who wrote (16374)4/30/2000 1:40:00 PM
From: TATRADER  Read Replies (2) of 59879
 
happy, TMAR's pattern is as you say a head and shoulder bottom...When this stock breaks 8.87 on the bid the next time, it should make a run at 12.00...Otherwise, I have it in a trading range from 8.87-7.00...There is overhead sitting at 8.37 and 8.87-9.00 area...So for now the higher end of that pattern is at 8.00...Can't advise, since only you know what your goals for the present may be...

Picks for the week:
1. buy OPAY in the 4.75-5.00 area..set stop at 4 15/52 to protect from catastrophic loss..Otherwise hold until Friday or sell into target of 7.50 area
2.POWI, buy in 22.00 area, and sell at 29.00, possibly 2 week position trade...
3.OPHM, buy just under 10.00 and sell at 11.75
4.CKFR-remain short until 42.00 area, set buy stop above previous day high, keep moving buy stop down as stock keeps headed down...
5.OSIS-like this one, attempt to buy in the 8.00-8.25 area if it sells off on Monday...If you get it at 8.00-8.25, sell it near 9.00 whenever it happens..
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