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 (1950)	7/28/1998 9:25:00 PM
From: Pullin-GS	Read Replies (1) of 59879

Covered EGGS short @18 13/16 (from 20 and 23-ish). Covered CRDM short for 3/8 Holding CFON short from 5 3/8, 5 1/2.....this pup's going to zero in time. Went short SCUR....had huge bounce all last week (no news, so-so earnings...hmmmm). Come Monday SCUR had great agreement news w/MSFT...stock sells off. A classic example of a news leak....stock has no where to go but down....got a great short average in low 13s. I posted my TA on the SCUR thread...it is a very BULLISH read...but I was confident in my analysis (RE:insider news leak/selling)...and it paid off as these type of plays usually do. Will hold for a few more days. This type of easy-to-spot play is often overlooked by many of the best fundamentalists and technicians. Worth a mention in your book IMO, for no one else ever has discussed it. Email me. Went long SEEK 26 1/4 (should have sold at close....day job got in the way). Went long COMS 25 9/16 (again, should have sold...was counting on a rebound from 26 area to 29....wont happen quite yet after today's damage.) Went long CYLK 12 1/2 ... holding for a few days....could pay off nicely.

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