hi Myron, kitco.com
I know it was hard to divorce yourself temporarily from DROOY, but she had to go...Unfortunately, she had been part of the Gizzard family since the 75 cent days...But we will reunite oneday soon...Let me know where you have re-entry prices...For now, I am focused on NEM, BGO, and TVX....mainly NEM because of the pattern..
New York has me tailing some of the super gizzards that have a bunch of restricted shares...I think SBAS has potential for at least a 20 cent move if it can ever get itself above 40 cents, and can sustain that 2 million share volume for a few more days...
Here is some of our Gizzard Lingo and trades..
1. Lie in the Weeds Gizzard
This gizzard is at the base of its pattern and has at least a one million share day in its recent past, where there was little upward or downward price movement...Example for us recently on successful trades were ORCH and TELM...
Strategy, we take up a position a few days later, when volume has sunk down, and it appears the stock is dead...We calculate the move and wait for the news..When the news comes, we sell at the first whiff of momentum failure..
2. Gizzard Bull Popper
This stock has spiked on tremendous volume, the higher the spike the better...We wait until it has topped...Then we measure the top of the spike to where the stock began its upmove...Multiply that amount by 66%, and subtract from the top of the spike price...That gives us our tentative entry price for the bounce..Once the pullback area is arrived at, we take that price(hopefully, it was our entry price area), and subtract it from the spike top and multiply that amount by 25%...Add that amount to the price where the stock pulled back and you have your bounce target...
These trades you will not find in any trading book....The gizzards pave their own roads to glory....
Remember the Turtles....I remember the Gizzards..... |
