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 (3611)	10/6/1998 4:45:00 PM
From: Char	Read Replies (1) of 59879

Mark Tight stops don't always work. I bought some ASL yesterday at 9 3/4 and put a stop in at 9 3/8 shortly after I bought it. I got taken out at the open today at 8 3/4. Fortunately it was only 500 shares and I was also holding 1000 shares in another account without stops so I'm still whole. Amazing what it did at the close. I guess the lesson I learned is take the stops off at the end of the day. This isn't the first time I've been stopped out at the opening which happened to be the low of the day. Dave Actually You were right, we should have closed out the positions at the close yesterday and re-opened them this morning at a better price. It's just some days the best gain is when the stock gaps open in the morning. Hopefully we'll get a good one tomorrow morning.

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