Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (698)	8/24/1997 12:51:00 AM
From: LzzrdKing	of 7396

A jiggle is when the wonderful market makers try and shake out some shares by making the stock appear weak on level 2, usually by fading it, a few downticks can usually shake out some shares. As for RATL, I am not as technical oriented as you, but my reading of the chart shows 20 as the critical area. That is why my plan is to sell high 19s and rebuy over 20. I don't think there is that much overhead in that area, as there were some very low volume days there in july. Great momentum with the volume in this stock. I will double up here at 18 1/16. My reasons for buying it were the crossing over of the moving avf's Thursday and the volume pick up. It's obvious a bottom was put in at 13. It's not even overbought yet.

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