Small Cap Fireworks Message Board

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Strategies & Market Trends : Small Cap Fireworks

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To: Julius Wong who wrote (23)	11/4/2003 12:55:24 PM
From: Cosmo Daisey	Read Replies (1) of 302

Hi Julius, I look at price thinking all information is factored already. Upgrades and downgrades are a function of brokers manipulating the news to further their own interests. A stock that moves on no news is more interesting for me. For instance TWR started moving last Thurs. on no news, continued on Fri. and gave some back on Monday with news that that car sales pulled back. TWR now setting up support at 3.75. I like it because I can buy volume, no news specific to TWR, price breakout didn't get crazy. If you look for a 50% potential gain in six months that puts it about 5.0. If you buy a stock that has already moved 30 to 50 percent on news then it is harder to make the 50% you are looking for. TWR is coming off a double bottom on a hourly chart. Double bottoms are most powerful. I found it by looking for trading gaps. Take a look at the gap Thurs AM from Wed close following the double bottom. That's what i'm talkin about. Best, Cosmo

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