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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: Findit who wrote (59165)10/4/2007 9:15:59 PM
From: lexi2004  Read Replies (1) of 59879
 
Jim...So glad to hear you are doing well with DORB and congrats on the huge gain on DPBM. That looks like a candle Tuna loves to play. Hope you do very well when you sell tomorrow.

When I was a relatively new trader, I had an IPO that went up $30 a share as I recall in a day. I kept holding and holding while I saw it run. There was a news release about a deal with China. That night I chatted with some trader friends who were much wiser than I was.:) I didn't know what to do about the stock, I thought it would keep going. LOL Anyway, the guy told me if ever he had something that doubles in a day, he always sells at least half. I had to teach the next day and couldn't be by the computer, so knowing that I should sell and not knowing what price to put on it if it dropped, I did a MO to sell. The next day after school when I could check my trade I found that I sold $15 lower than the EOD the previous day. The stock had gapped down and by the time they got to my shares it was down $15.:) Live and learn. Course it's different with the low priced stocks for they can double/triple in a day, but a $20 some dollar stock like the one I had doesn't double+ as much in a day.

Lexi
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