TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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

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To: GTC Trader who wrote (20277)	1/24/2001 12:42:51 PM
From: TATRADER	Read Replies (2) of 59879

HSAC, yes happy you could measure the cup and handle on HSAC from 1.00-2.50...giving target of 4.00...However, consider the sizeable overhead that begins at 3.62....There is also some at 3.18...Because of that overhead I will go with the flagpole and pennant formation as primary indicator...That pattern is 1.25 by 2.50, add 1.25 to consolidation, today looks more like 1.75 than 2.00, so add 1.75 to 1.25 and you get safe target of 3.00..That is where I would dump, not take a chance on it zooming to 3.62 area...The only downside with some of these Chisy stocks is the large level of shares outstanding...Hurts any kind of move,IMHO, give me 15 million shares outstanding and a pattern like this, and I will be on cloud nine...Regards, Mark

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