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

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To: TATRADER who wrote (31906)7/26/2002 1:34:39 AM
From: MrBuzz  Read Replies (2) of 59879
 
Mark,

Have you lost your conviction in DROOY? What's this with
4 different price targets! This is so unlike you pal...
Forgive me for my rantings, but when I sense trader's
losing their convictions, I feel like slapping them over
the head!

If someone says
"DROOY is a buy at $3.00 and I am willing to put 10% of
my money where my mouth is because I think it is going to
$4.00. I am also willing to take a 50 cent hit on it."

Tells me a few things:
His/her sentiment on the buy area
His/her sentiment on the sell area on a gain
His/her sentiment on the sell area on a loss
His/her money management
Technical reason why

PORTFOLIO

Stock Type Buy SellLoss SellGain MM%
=================================================
QQQ SHORT $24.50 $26.00 $21.00 8%
MSFT SHORT $51.00 $54.00 $38.00 10%
MMM SHORT $128.00 $132.00 $65.00 20%
CASH 62%

WATCHLIST

Stock Type Buy SellLoss SellGain MM%
=================================================
DROOY LONG $2.80 $2.25 $4.00 10%
DIA LONG $80.00 $78.00 $84.00 10%

Imagine a fellow Gizzard saying "Hey Buzzy, I think you
have too much of a position in MMM and you should lighten
it a bit. Also your downside target is too aggressive. Take
some off the table and look for $80 instead".

Or someone saying "Hey Gizzards, I think the market is
heading sideways for a while. Its best to sit on more cash
here than get whipsawed. Wait for a clear trend then
increase portfolio holdings".

Or "Hey Gizzards, market looks to be trending south. Back
off your long positions to 20% at this time"

Wouldn't that be priceless? Call this the "Gizzard Disaster Prevention Team (GDPT)"

Buzzy
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