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

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To: TATRADER who wrote (291)5/12/1998 11:42:00 PM
From: Rashid Garuba  Read Replies (1) of 59879
 
Mark,

Very honored you are interested in my opinion.
DATC - This I like a lot. Volume picking up last 4 weeks. Looks like an easy trader. I think there is a chance at the mid 5's before going through 6 1/4 next week.

TOGA - As you would say - "Volume scares me". Acc/Dist. very poor. best to wait for money sitting in the corner waiting to be picked up.

ICGN - In high flying oscillating stocks, I usually wait for oversold conditions to get in, lowers risk. Probably a couple days left here before consolidating again.

TRDBF - Woof! Wish I had this at $3 (I'm not greedy). This reminds me of FNTN. Giant move up and next to no correction. very narrow trading range the last few days. Seems folks are waiting for something?? Or the overall market's holding it back?? The last bounce from the last correction to $8 was stopped in it's tracks (the 1997 high??). Buy at 9 1/2 for 3/4 or wait for $11 or below $8. What's that thing about gaps??

IOMT - Breaking 6 1/2 could be interesting. Volume previously absent but picking lately. There is a lot I haven't learned on volume. The 120k volume day didn't do much to the price. Accumulation???

Best
Rashid
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