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

To: Richard Mazzarella who wrote (19767)	12/29/2000 8:54:36 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

hi richard, happy new year to you... as always you pick true gizzards, that have all the air out of them, with good chances for some sort of pop... GAP---the 20 day is sitting at 6.84, we are on day 6 of MACD zero line crossover, and pattern is a rectangle...7 by 8...I see break point at 7.06 on bid with target of 7.75...I would sell into that area..There are approximately 1.5 million shares of overhead at the 7.00 level...As best as I can figure you have taken out 700,000....So for now you remain mired into your trading range of 6 by 7... Trader strategy is to buy near base of pattern at 6.00 which you probably did, or buy on the break at 7.06 and sell into 7.75 area..Other strategy would be to sell into the 7.00 area, should volume not evolve to take it out... I like GAP possibilities a lot better than AMES...AMES has huge overhead sitting at 1.82-2.00 about 9 million worth.... I would stand aside on AMES, think you have a dead horse there...hopefully not a Montgomery Wards....If you are sitting in AMES, would sell into 2.00 area....