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

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To: Willsgarden who wrote (55448)5/19/2006 4:13:25 PM
From: TATRADER  Read Replies (1) of 59879
 
just keep your eye out for extremes, and watch to go the opposite direction...A bandaid stretching..ESCL and THLD were examples this week...A 40 dollar stock crashes to 3.00 then bolts to 12.00, then back down again..THLD bolted from 14.00 to 3.00, and should rebound near 6.00 next week....I can wait several days for these opportunities to present themselves..
THLD had the advantage of having no debt, cash value of around 2.50, and being placed in the biotech index next Monday..They don't come around as good as that, that often..

I now have my daytrading system set back up...My favorite tool here is a 1 minute stochastic...

Regards,

Mark
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