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

To: bazan who wrote (20020)	1/12/2001 11:57:13 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

bazan, my basic measurement on these bomb stocks is take the beginning of the move down(when shoe dropped) and find the base of when its drop ended... Usually these stocks eventually move up 25% and later 40%, and then most of the time, just become trading range stocks.... Ok. top of shoe was 28 and base was 9.00..Difference of 19, multiply 19 by 40%=7.60...Add 7.60 to 9 for target of 16.60...Note that my calculations may not hit the tops, but you get out profitably which is what it is all about in trading...Top of this run was 17.37...There are about 100 million shares of overhead in the 18.50-20.00 area... So I would have taken my profits and run to bank.... good luck, wife and I are out for lunch, then have to memorize a sermon for 3 hours...Regards, Mark