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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: JSB who wrote (4460)11/4/1998 11:40:00 PM
From: TATRADER  Read Replies (1) of 59879
 
am not a put man...Recently I had targets of 45 on MU and 25 on AMD...Both short-term targets have now been hit(pretty close on MU), so I am on the defensive with a 100% cash position as I post this..The market is looking ahead on these, anticipating a brighter future......
Looking for consolidation on both stocks....Good luck..Mark

P.S. Of course I was looking for consolidation on KMAG at 6.00, but it blew right through neckline..Target is now 9.00 on that one..But will wait for retracement to neckline before I entertain re-entry..
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