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

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To: TATRADER who wrote (34378)1/13/2003 1:37:30 PM
From: GTC Trader  Read Replies (2) of 59879
 
Mark,

Once again I am very confused about your strategy with CDE.

When CDE was around 2.15, you expected a 25 cent pullback, but didn't think that was enough to justify taking some profits (selling half?) and trying to buy back more than 10% cheaper.

Then with CDE more than 20 cents cheaper, Mazz gives you FA info about an additional 7M shares expected to hit the market in April, and you dump 75% of your position.

Not criticizing, but trying to understand your thoughts. If a 10+% pullback expected by TA was not enough to justify some profit-taking, how much of a pullback are you now expecting based on the FA info? The press release came out Thursday afternoon at 3:46. So far, the market seems to be taking it well. Getting back their old CFO from SWC also seems to be helping a tad.

Thanks so much for your excellent TA and generous help. Looking forward to a great 2003 under your tutelage.

Best regards - Ken
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