Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AreWeThereYet who wrote (11869)	11/18/1999 12:04:00 AM
From: TATRADER	Read Replies (3) \| Respond to of 59879

ok, I am back, but will probably only appear once a day... Here is a stock study Our candidate here is a Nasdaq gainer that has spiked from 100 to 200% early in the day.... Stock is BWSI 1)stock must have volume at least 10x normal 2)Stock must hit 52 week high 3)Pattern shows no sizeable overhead 4)A good pattern where longer term-target is still higher than where stock is presently trading 5)Stock pulls back during noon hour session, look for potential target buy area by taking high for day and low for day, multiply by 66%, and subtract from high...So on BWSI our buy area would be to subtract 2.80 from 8.25 ,(we would attempt to buy in the 5.45-5.75 area) 6)The stock should pause in this target area and not have the momentum to take it lower.. 7)The slow stochastic 1 minute should be in the 20's The RSI 1 minute should be below 30 8) Once you open your position you can trail the stock up until your stop takes you out... Or as I did today, when momentum did not reassert itself, sell near the open...out at 7.06...But plan to re-enter if I get my 5.75 again... SBAS is a popper, look to enter in the 2.00-2.40 area, and sit on it for 6 days..Then sell into the pop..... Keep an eye on DLIA, a good pop looks like it is coming.... and finally, remember VRTL the dog....The dog has pedigree...