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: TATRADER who wrote (52630)	1/7/2006 1:59:55 AM
From: GTC Trader	Read Replies (2) of 59879

<< STEM is on my Friday watch list...I would like it to edge tomorrow toward 3.40 in first 20 minutes, then we buy it and set a stop at 3.25, look for 20-30 cent bounce >> bigcharts.marketwatch.com Mark, You certainly picked the right day for this trade! Sorry it didn't make it from your watch list to your account. STEM was flat for 4.5 hours, and then ramped up the rest of the day closing at the high at 3.76. You could have gotten your 20-30 cents by buying around 3.50 and selling the close. Plan the trade and trade the plan. I like your plan, but mine was different. I see 3.40 as strong support and the downtrend from the September high as being important. Today, STEM busted through that downtrend line after putting in a double bottom earlier in the week. bigcharts.marketwatch.com It closed right on the 20d sma. For me, this is a longer term play with a target of possibly $5. Right now, the $4 area is key. I would like to see STEM take out $4 early next week on high volume. If it breaks through 4 but stalls around 4.50, then I will sell at that time. Your plan may be better than mine, but I am sticking to my plan. Better to be disciplined and stick to ones guns, such as they are! :o) Thanks, Coach! Still learning - Ken

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