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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 (13928)	2/4/2000 11:19:00 AM
From: stock talk	Read Replies (2) \| Respond to of 59879

Maybe the best piece of advice I can give my trader friends is, I have found it consistently more profitable to "stalk" stocks rather than chase stocks. Follow a group of stocks until you know them like the back of your hand, watch the money flow, learn the trading range, at the low end of the trading range when the stock starts to perk, enter, sell at the top end of the range. Repeat over & over. Requires allot more patience and doesn't give that instant gratification and buzz some of you gamblers are looking for, but it is more consistently profitable with a much better risk/reward balance. Notice the king of the jungle the lion, lays in the grass and waits & stalks his prey, maybe that why he is the king.

To: Rashid Garuba who wrote (13928)	2/4/2000 11:32:00 PM
From: Mike Sawyer	Read Replies (1) \| Respond to of 59879

I bought MRVT at 24 on the pullback from 25 1/4...it could not hold the upper half of 24. It was sitting idle for a few minutes so I put in order to sell at 24 1/2 at the bid and the exact same time I submitted order a trade went across at the bid and the bid dropped to 24 1/8. I dropped my offer to 24 3/8 but company showed up on my offer with size. After about 30 seconds of that I said I'm gone and hit the bid at 1/8. I cleared $30 bucks after $30 round trip on my 1000 shares. ROFL! I bought pizza tonight! HAHA. Better than losing $30...or more! I rebought WIRE at the close...8 1/8. Bought DCAI for CNBC weekend play. Bought IDX at the top...yeah, I get poor entries at times also. But IDX has something big about to break and I think it's coming sooner than later. I still own some options that expire this month so it better break soon! I hung onto my WTHL that I bought at .34 cents in anticipation of new developments with their online mortgage business. But I didn't buy a single popper play! Mark, am I considered a slacker now? I am watching NWRE for popper entry if that is any consolation. Oh, I almost forgot...I bought TheGAL! Yep, I am again the proud owner of TGAL. I just hope SLKC gets done siphoning off the large amount of stock that he has and they let this puppy run. After the close another 50K block went across at the Market Maker 64th. That makes two days in a row that we had a 50K block hit at 15 minutes after close. I hope that is it. One thing I do believe...when this stock swap is done we go up...not down. Have a great weekend everybody! I'll be in and out. Cheers!