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

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To: Paxb2u who wrote (28608)4/4/2002 10:36:58 AM
From: TATRADER  Read Replies (3) of 59879
 
you have guts on AIRN...I have had my stops hit twice on this stock....Reason being,
1.This sector is out of favor
2.No volume yet
3.No followthrough volume

I think we learned a lesson with PVAT that can be applied to AIRN....PVAT broke a neckline on over 1 million shares traded...Then volume diminished for several days, but now we are trading regularly at 200,000+ shares a day...
AIRN needs to demonstrate a genuine spike day, then increasing daily volume from the 30 or 60 day average volume levels...

I will not bite on AIRN again, until it shows me a steady volume increase from the 60 day...

Have a great day....Mark
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