TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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

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To: gulleyjimson who wrote (52364)	12/22/2005 4:44:19 AM
From: Eagle	Read Replies (2) of 59879

I have read your message several times and decided to answer, with some sharing, in the SI spirit-- Many of us have had the same experience that you have chasing these little stocks around, trading frenetically, winning and then losing the gains quickly--and ultimately being lucky to come out even-- Twice in the past 18 months or so I have stopped and tried other angles--here is the one angle I have found that works about 80 or 90% of the time and that I have now pretty much settled on-- Each day I read the IBD list of most downs ( on the IBD internet version) I look for those that got slammed the worst Many have no news or little news to justify the slammimng I put these into a realtime watch list The next day these often drop even more Then they rebound or bounce or dead cat bounce whatever term you like- They start to rise--once that rise is a firmly steady upward trend I buy and I buy heavy using margin - I then put a sell order in to sell one buck above my buy -- 80 to 90% of these pan out and you are out of the market in cash at the end of the day-- ( And the next day the market opens down or just drops and drops and you offer a prayer of thanks to be in all cash on the sideline) Now if the market is tanking I usually just pass on trading that day--same if there are no severely hit stocks to choose from Profit is very high--not unusual to make 3K or 5K on a good day Especially if you sell half at a buck and let the other half ride on a stock which rebounds $3 to $5, but I watch that carefully and remind myself not to let greed overcome my judgment-- And those that do not pan out--heck I bought so low any loss is minimal, pennies-- You should paper trade it for awhile and see how it works and I think you will be happy Hope this is of use to you

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