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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (8083)4/15/1999 9:01:00 PM
From: GTC Trader  Read Replies (2) of 59879
 
TMAR -- I can't follow stocks during the day, so I bought this as a position trade at 5 1/4, hoping for a quick run to $7. It jumped to $6 the next day and I almost sold half, but held all as it dipped to $4 1/2 last week. (Should have used a stop loss!) Now it is back to 5 1/4 (oils were strong today). Should I get out tomorrow, or is there still hope for a turnaround here? The stock seems to have formed a bottom around $4.50 since October, so I would think that the upside potential is greater than the downside, but I am tempted to walk away for now. Any thoughts would be appreciated.

MDIX -- Thanks for your kind words. I bought last April at 11/16 and held as it dipped to 5 cents in January. (Should have used a stop loss!) A homerun award for the Super Gizzard Pick would be great, but I am just trying to salvage some losses. I am actually in the black again since I averaged down a little, and the thread argues that the stock will see $4 soon. Four new board members were announced in a press release today after the market closed and more good news is supposedly in the pipeline. If the stock soars, my poor portfolio may finally be back on the road to recovery. Then stop losses should keep me in the game.

Thanks for all you do through this thread and congrats to Mrs. TA on a great day. Must be nice!

Sorry for my verbosity. (Gold was up nicely today, but I won't babble-on any more!)

Best regards -- Happy
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