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


To: stock talk who wrote (10745)8/17/1999 9:20:00 PM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
frank,The basic pattern of PAGE is 3 by 6.25.Any position trader who has patience knows that a buy in the low 3's will oneday be rewarded.

However, as you know, my patience is one day, tops 2 days.The most reliable TA tool on PAGE is the RSI at bottoms and %D at tops.

It gave a buy reading on 8/10/99 with a price of 3.438.However, I wanted to make sure I would catch the uptrend, so i waited a few more days.

On 8/11/99 the MACD Histogram turned from its downtrend, reading was 0.245, and on 8/12/99, it was 0.241.So another flashing yellow light went on.But next day it couldn't hold above its open, so I was told to wait.I was looking for volume acceleration and a close higher than the open.

You might say, I gambled today(Skane forgive me, Atlantic City is not for me), that I would get a close above the open.

I really don't like PAGE because of all the shares outstanding, but this was worth the jump into the pond.
If overall market is strong tomorrow, I am looking for PAGE to attack 4.00 level.

I got some CCUR again today, should have sat tight with position I had yesterday and took profits on.IMHO, this one has some explosion potential(along with TMAR in year 2001)

My friend John White again hits home run with his CAMP.
That one went ballistic today.Watching CYTC,AERL,ISSI,VRC and a few other oils.
Would like to short AMZN and DCLK, but wife is trading rest of week, and doesn't like volatility of AMZN.(that is how we make profits though, volatility!)

Regards, Mark

P.S. Please help CYRK to rise from dead and give DROOY the gold kick...