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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Robert Meany who wrote (10341)	7/17/1999 9:35:00 PM
From: TATRADER	Respond to of 59879

bob,ANCR seems like it is under control by a powerful lobby...They sure don't want it to go much under the price of the secondary offering..I shorted it once and only got 1 point... Ok. Since somebody grabbed our AERL stock ahead of me this past week, it won't be our stock pick of the week...Someone must have given it to Jenna... Stock pick of the week is PAGE- buy area is 5.25-6.00, no higher.. GSCO has moved up on the inside bid..6 month target is 9-11 a share.. i presently have a small position that I plan to hold.. Stock is in a pennant formation. A pennant usually takes place 1/2 way into a move. PAGE has moved from 3 to 6.00..All that volume on the upmove was not a bunch of dummies accumulating..Those boys are waiting for the payoff...So add 3 to the price of 6.00 and you have our first target of 9.00 a share..Technically, you could argue a pattern of 3 by 7.00..That would give a potential upside target of 11.00..So my guess is that in the next 30 days PAGE gets bought out in the 9.00-11.00 area, no higher...I must say the ADX is way overheated..It sits at 58 and is crying for a buyout this week...But I will be patient with this one..I was in and out of MCOM for about 6 total points, when i could have had 30 points..But that is the plight of a part-time day trader, who isn't around 3/4 of the time to watch the screen... Take care Bob... Over the weekend: Long PAGE,CS,VRTL,CYLK Short SAPE,PMCS(2nd try on this one) Regards, Mark