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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TATRADER who wrote (22925)	5/25/2001 6:25:13 PM
From: NW_Trader	Read Replies (2) of 59879

Hi Mark, if you have any ideas on what went bad on HYGS, please share Will have to save analysis for weekend as didn't get QP data until well after midnight and didn't even get to do proper scans and prep for today's trading. Seems they had a virus and/or server crash; first time for everything. The upon reflection of what I did yesterday with HYGS, I bailed on the day's position for scratch when the gap open looked like it would fail (second test), the stock couldn't hold it's intraday gains (unlike many other alternate fuel stocks), and {most importantly} the price-volume divergence - i.e., daily volume was increasing as the price was dropping. Based on price-volume analysis, I kept COSN and EFCX and 1/2 of today's ASTM. Also sold CAPA for a dime, again volume isn't supportive. Price-volume agreement/disagreement is a great signal - and lately volume kept a number of trades from being bad memories or confirmed a good trade for me. When I've ignored price-volume relations, I have often fared poorly or just been lucky. Two days ago I didn't consider that CMTN was trading higher on higher volume, and altho it had pulled back from its intra day high, it held above both intra day support and retraced less than 50% of its push. But I nervously sold at 4.8 thinking it was weakening. In reviewing the tape, the volume was not increasing as the stock trended down - I just convinced myself to get out with $$ in my pocket. Had to scramble to catch it the next day and while I did so at a discount of .2, that was more luck. I don't know if these links will work for non TASC subscribers, but here is an article in 4 parts on volume analysis that while simple, contains some good points. technical.traders.com technical.traders.com technical.traders.com technical.traders.com Hope the party went well and the clean up isn't too bad. Peace and Justice --- Patrick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next