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

To: TATRADER who wrote (14530)	2/23/2000 12:52:00 AM
From: Mike Sawyer	Read Replies (1) \| Respond to of 59879

Mark, I did not play OSIP today but I was glad to see that another popper did it's thing. My buy target was 18 or less...could have picked it up at 17 with ease on the big flush. Then my target sell calculation gave me 20 3/8...and the way I am, I always back my sell target off to the even or half number and drop under that by a 1/8 or 1/16 which would have given me a sell target of 19 7/8 area. It hit 20 x 20 5/16 at the end of the day. They had a weasel spread but they closed the gap by raising the bid to 20 for a few minutes. That would have taken my GTC order out. I did not enter INFO at the end of the day because the suspects were all lined up at 10 3/4 looking like they were about to get flushed. So I will wait to see if they do and rebuy upon flush. I did buy and flip it for 1/2 point last week but am anxious to make a second go of it if I get a good price. I'm watching URMD very close because I think this one will be another good popper. ECIN held onto the lower trend line today...I will be watching this one close because it has a good history of bouncing off this trend line. It could be a 2-3 point move over the next couple of weeks.