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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 (16306)4/27/2000 7:31:00 AM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
the master is spending nights at homeless shelter...only consolation is some of the best traders went broke a few times before they made it to the top....I listed the mistakes of the last demise, question is, have I learned...
Figured out what went wrong on MZON
Basically, there were large blocks of stock that needed to be disposed of by someone...When the stock ascended the Marketmaker was dumping that inventory, and shorting some of his own, since he knew the spike would not hold...Thus there was no secondary pop...
Lesson learned: on Poppers do not look at stocks with blowoff volume, excessive volume...
Right now I am doing a study on shares outstanding, levels of volume on past poppers..So far it looks like the 3 million to 12 million area is good for secondary pop, but don't quote me on it...MZON had 28 million on its blowoff day..

Regards, Mark