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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (3146)9/17/1998 9:42:00 PM
From: Pullin-GS  Read Replies (1) of 59879
 
Covered USWB short in AM for healthy 1 pt profit (opened at close yesterday).....went long for another healthy daytrade profit....shorted again for another 9/16. This stock could see 15 easy if the trend continues. If it does make it that high I will consider opening a position short to low 10s. Fundamentals dont add up and the hype gets deeper and the bounces are less and less.

Seek treated me well today on a 1/2 point run in the AM, and a nice short towards close for 9/16.

Played CIEN a few times as well for about 1 pt total over the last two days.

Still daytrading on cash/margin and holding some core position trades such as INTC.

Take a look at SCON (short)....they had some real news, so exercise caution. Scon up around 6. Give it a day or so more to work news out....maybe as late as mid next week. 6 1/2 last entrance point for me...it may go higher this time if market is favorable. Everytime I short SCON it has played well for about 20-50% each time. It takes a while to realize gain, but it happens.

Also expect news from ESTI.....I wont go long yet (looks like a leak...expect FDA anouncement soon IMO). I will short till I'm blue in the face though if it trounces 11-13 area, as it has done in the past.
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