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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: Eagle who wrote (55969)7/29/2006 11:18:24 AM
From: lexi2004  Read Replies (1) of 59879
 
Eagle,

I really prefer to short than to go long for if you get it right, IMHO a stock can move down faster than it moves up especially on bad news. However, if you get it wrong and don't have clearly defined stops you can mess up royally. I really don't care if I trade in an up or down market. The trick is to know the trend and with our crazy market of late with the 100 points up/100 points down it's hard. Here are a few things I'd suggest to you from what I've learned.

1. A stock that ramps big isn't necessarily a short right away. For example, AAPL. It gapped up big and I feel much of the continued momentum has been short covering. I believe lots of people shorted on the ramp and had to keep covering as it moved up. Granted some are shorts on a big ramp, but I would definitely look at daily/weekly indicators and certainly look for overbought conditions prior to ramp. To me that would make a short more feasible.

2. Always look at the float before you short. If the float is very small, it can turn and go against you fast. That happened with TASR before they had all those stock splits. It ran huge amounts in a day.

3. While you can intraday short most things, I, personally, prefer to buy PUTS than short shares of a bio overnight. I think you know why without further discussion.:) I do short bios, but with options.

===================

I love the high beta, low float stocks to go long. In fact one trading strategy is to put the stocks of that nature on a streamer and watch each day for news. If the news is good jump on it for they often will ramp.

Thanks for all your tips. Appreciate you sharing.

Lexi
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