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

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To: TATRADER who wrote (24566)7/26/2001 4:22:35 PM
From: GTC Trader  Read Replies (1) of 59879
 
MXR

Mark,

You may want to add "our old friend" MXR to your short-term watch list. Average volume is 162,409 according to Yahoo!
(I wish I knew what time period that is over. Does anyone know?)

It closed at 78 cents on Tuesday and today it hit 1.36 on volume of 1,156,700. Does this qualify as a popper?

I have a sell order just under 1.50 to take some profits, so I would like to see some follow-through tomorrow before the inevitable pull-back. We shall see.

It was under $1 today until a press release came out at 10:54. MXR took off at ~11:20, and then hit its high at high noon, but held fairly well, in my opinion, on good volume throughout the day. Maybe it can channel between 1 and 1.50 for the next ten years !!! : ' )

Any opinions welcome.

My guess is that today was the Nasdaq high and we head down tomorrow. It peaked at the descending trendline and most recent rallies have failed.

Best regards - GTC
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