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


To: GTC Trader who wrote (11988)12/4/1999 7:36:00 PM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
happy, MICA is a popper...I have found that one needs at least 3+ million shares on breakout day for a popper to pop a few days later...Perhaps that is why I sit with CSRE, waiting for a pop, that may never happen..The fast stochastic 8 period moved below the 20 line on Friday with MICA..That is the first sign for a popper alert...Next is to watch the low on Friday..That was 3.62...I would buy MICA on a retest of that low, especially if she tries and can't go lower than 3.62..
On the otherhand, I would also buy on a reversal anywhere under 3.50, if that was given to me...One thing I have not studied yet is if you have excessive volume on breakout day, is there a cutoff amount, namely, when there is so much volume that perhaps it is just some warrant conversion going on, and not a true blue popper...Any warrant conversion with MICA??, all that volume on breakout day, makes me wonder..Since I don't follow fundamentals, that is where I sometimes can get fooled....

Regards, Mark