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

To: Howard Shlom who wrote (10684)	8/15/1999 4:02:00 PM
From: TATRADER	Read Replies (4) \| Respond to of 59879

Just popping in..Back home here in Bay City.. Stock Pick of Week: CYRK (I am already in this one at 5 5/8 as of Friday noon, from Library) Buy area: 5.50-6.00-NO HIGHER-Hold Period-3 months.. First target 7.00..RS move over 50 line..Directional indicator crossover +D1 over -D1 MACD Zero line crossover..New MACD hit(Patrick special) Envelope channel 30 period at 5.97-5.08 Bollinger Band 30 period at 6.29-5.08 21 Day Moving average at 5.56 50 Day Moving average at 6.00 Average Volume 100 day at 35,800 200 day at 41,809 50 day volume at 38,676 Volume on Friday at over 600,000+ The big question on this one will be follow-through on Monday..No volume, we stay stuck in Bollinger Band 30 period channel...I like this one because Christmas time is coming, and I believe this is a software type of company..Strategy of buying these is get them at their low points in the summer and ride them into holiday season.. Long over weekend in MIND,CYRK,TIE,TMAR and HM.... Howie, with TIE it is a waiting game...We violate 10 on good volume, the stock is dead in water like PAGE at 5.18...Right now TIE remains in trading range from 10 to 13.25... For anyone who wonders what happened technically on PAGE and why I exited sometime ago..You had a spike and a ledge..The ledge was from 5.50-6.25...Once the ledge was broken at 5.50, you should not have been holding this stock.. One other item...This philosophy is simple but has saved me from thousands of dollars in losses.. On stocks $30.00 and higher, after you enter, set your stop $1.00 under your entry price...So if you buy a stock at 32.00, your protective stop should be set at 31.00.. On stocks from 10.00-29.00, set protective stops 3% under entry price, and stocks below 10.00, set your protective stop 3-5% below entry...Do this faithfully, and if you have your timing down, you will make substantial money in the market..If you are wondering why your stops are being taken out all the time, it is because you still have not timed your entry strategies properly...I rejoice when my wife takes losses from $150-300 on a trade..Don't allow your pride or love for a stock to keep you waiting there for a miracle as the stock tanks...SET STOPS!! Regards, Mark