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: wmwmw who wrote (2494)	8/20/1998 1:03:00 AM
From: TATRADER	Read Replies (2) of 59879

Wang, you are probably right about PRST...SKANE and you will be hosting the champagne party tomorrow night on this thread...I follow a trading rule now that I never hold a loser overnight...Obviously, if it closes lower than you bought it, it is a loser for that day.... I only hold a stock overnight if it closes strongly....Now you could argue that PRST held above the gap price, and when it retraced to 11.00 area, did not stay there long...It showed strength...Further, the volume was tremendous, and it broke a longterm downtrend line, and you had a directional indicator crossover...Likewise, we all know that MMr short like crazy on a breakout to keep the stock from getting out of control...So, why didn't I stay around...Good question....Mark P.S. Did take home 1/2 point on PRST, it is measly, but still a successful trade...

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