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

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To: TATRADER who wrote (29135)4/25/2002 12:34:04 PM
From: NW_Trader  Read Replies (1) of 59879
 
Hi Mark,

Lunch check - good trade on DRIV. I've got it going higher but only with a supportive market which I don't see this week, tho we are very close to a possible bounce. Traded it in the teens and shorted it much higher, but alas, covered before the plunge. My PD plays don't respond as clearly on stocks that go < 5 so I am more reluctant to play them; they often become broke, but I think DRIV is an exception.

Bought KEG (@ 11.25) again this AM - watching TXCO still. Almost sold GOLD on the gap, but decided to short HGMCY as a hedge - again my pair trading strategy a'la the old NVLS-KLAC spreads. eSig has been giving me trouble with the comparison charts and POG is the key so probably won't keep this open for long. I expect the concerns of the w/e will push POG up tomorrow as well. Keep a watch on $GOX for intraday trading as well as XAU for end of day strategies.

Also bought LWIN on it's bottom bounce - probably flip it today. Wish I'd gotten that short the other day.

Peace and Justice --- Patrick

EDIT: Just covered HGMCY for .5 -P-
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