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 (23838)	6/20/2001 4:39:54 PM
From: NW_Trader	Read Replies (1) of 59879

Hi Ken, Good short there on CYMI, tho I would consider covering around 22 as it looks like support there abouts. Me, I'm irritated at myself for believing that 48 wouldn't support and giving back too much on my NVLS short - got complacent with that > 5 point profit when it first bounced, and on the next bounce off 48 it had been cut to 4 points before I could react - I set a cover stop loss at 49.5 for all but a couple hundred shares and it triggered on the retrace for + 4.5 points - if we gap up tomorrow I'll either get toasted or fade the gap. That first run from 48 to 49 should have alerted me to the upside lurking there. Short covering? Sure got me going. Still in SBUX and AKLM so won't be doing gizzards until either I sell the rest of AKLM or the market decides to treat them better. Of course as the good Dr. used to say (perhaps still does?) I reserve the right to change my mind and change it often. Peace and Justice --- Patrick EDIT: Just saw that IMNR had its pop today and I missed it. Rats. Once I committed to AKLM, I stopped looking for any other gizzards to trade. Serves me right.

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