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: majormember who wrote (3496)	10/3/1998 2:44:00 PM
From: TATRADER	Read Replies (2) of 59879

Skane, AVID was a classic Head and Shoulder top....I think Rashid will be making a bundle on it, since he re-entered on the short side...I still feel badly about your OSTE...The past month, I have been working only with 2 years of data on each stock, I look at...That is because my 4X CD Rom was giving me problems...Recently, I got a 24X CD with 7 years of data on it....Well I looked at the 7 year chart on OSTE, and clearly saw the double top that James was talking about...Again, the rules of a gizzard trader saved me...A trailing stop set 3-5% below the stock price, caused me to get out of OSTE with 2 1/4 point profit, but with options, you just can't do that.....You must have taken a pretty good hit...So sorry...Mark

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