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 (56575)	10/31/2006 3:23:09 PM
From: lexi2004	Read Replies (2) of 59879

LMRA...since my entry wasn't as good as yours and I don't have as much cushion in the play, decided to do a DT on it. Did the fibs and sold at the 1.27% = 8.55. It hit 8.57 and then pulled back, but now looks ready to go again. I'd considered waiting for the 1.618 fib which I think is doable, but decided to just lock in profit and be happy with what I got. Ended up being around 1.20 a share. BTW, the 1.618 intraday fib is 9.19. Earlier I had a sell in for 8.99, but then decided to just be happy with the 1.20 per share. I'll be trading this one again.:) Good luck, Lexi

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