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


To: Rashid Garuba who wrote (12248)12/18/1999 11:33:00 AM
From: Densiebj  Respond to of 59879
 
Rashid, I just noticed VRLK last night, looks good, stochastics turning up and MACD turning green

capitalD



To: Rashid Garuba who wrote (12248)12/18/1999 11:40:00 AM
From: Densiebj  Read Replies (1) | Respond to of 59879
 
Rashid, another one you might want to look at is FCSE, almost the same technicals as VRLK

capitalD



To: Rashid Garuba who wrote (12248)12/18/1999 12:09:00 PM
From: TATRADER  Read Replies (2) | Respond to of 59879
 
rashid, good to hear from you...Will take a look Sunday night at VRLK...
A trader lesson on DEMP
1)Stocks with huge volume and little upward price movement after a long drawn out downturn, are usually stocks under accumulation..
2)Make sure you check Edgar to see if there is any warrant conversion or other funny business going on, that might explain the large volume with little movement...(Mike and Dave did this and found no warrants on horizon, thus stock passes 2nd test for possible entry)
If you find anything suspicious, stay away, it is a churning party at your expense...
3)The stock should close in the top 25% of its daily range..DEMP did this on Thursday....
4)Make sure the stock is at the bottom of a pattern...Thus only one way to go, hopefully, up...
5)If little volume comes in the next day but the stock doesn't want to give up much ground to the downside, the pros are playing with you...They want you to think that the stock will sell-off..Hold tight...Gradually, they will start to sneak in and the price will again move up....

Every stock teaches us a lesson, have we learned what the pros were up on DEMP, are we shrewder and smarter as a result..I hope so....

Mark