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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 (20365)	1/28/2001 8:30:54 PM
From: T-Lo Greens	Read Replies (1) \| Respond to of 59879

Mark - looks like approaching short-term overbought, might even hit 3.50 before a pullback, hasn't been this strong for the past 3-4 months. Looking for an exhaustion gap Monday or Tuesday. I've been following this stock for a long long time, several years. Best of luck - CSCO might drag down the Naz on Monday. Tony

To: TATRADER who wrote (20365)	1/29/2001 12:31:21 AM
From: ivan solotaroff	Read Replies (1) \| Respond to of 59879

GW Mark, Could you tell me if you see any overhead on this potential breakout? askresearch.com TIA, Ivan

To: TATRADER who wrote (20365)	1/29/2001 1:05:56 AM
From: NW_Trader	Read Replies (3) \| Respond to of 59879

Hi Mark, I kinda agree with Tony (next post) on IRSN in the near term. May watch Mon. Meanwhile, here are a few reflections brought on by tax review of trades and positions of the last year. I like to trade (mild understatement) and last year at this time was doing quite well bouncing in and out of a number of low priced gizzards. One notable was CTIC on which I made a fair amount of monies trading in and out as it moved from just under 4 up to 18. (A number of the trades were posted here last year.) I bailed but it continued to run to an intraday high of 52, then pulled back to 12 then ran again to 77 in before finishing the year around 44. Would a buy and hold have been better on this tremendous % gainer? With 20-20 hind sight it would seem so. But then I look at some of the other ponies in my stable at the time. AZTC: I made some $$ on it too, then gave a some back, and a buy and hold of this one would have resulted in a >99% loss by year end. Go figure, but I think that trading works better at limiting risk, provided you enforce stops, don't get married to the gizzards, and let your profits run (something I've got to work on as I recognized the same mistake last year in the way I traded PUMA in 1999). But then, I've traded SBUX for years and love to do so as it has paid for the core position I still hold many times over. Some day their business will quit expanding and the stock will settle down, but by then I hope to have found some others that will keep giving me paychecks every month. So I'm looking back at some other oldies, now back in play perhaps. BWSI, looks to have put in a nice six month W (or double) bottom and is worth watching how it handles the next 1/4 point or so - look for 10 to slow it down and then could be a good return to mid teens. IFMX, also looks to have put in a bottom and is moving up. Looking a long term charts, you'll see that it often has spiked in Feb, sometimes for the year (like in 95, 96, 97, & 00) other times as a prelude to running even higher (like in 93, 94, & 95). And speaking of long term patterns, check out AAI - this one goes back years, and might be watched for a while; if it is a true LT cup, then it might trade to > 30 this year. As a rectangle, then there should be some points to 10 and then 15 in it. Again I'll watch the price-volume action and a possible pull back to 7 - 7 1/2 would provide an good entry point. Any thoughts on any of these Mark? Peace and Justice --- Patrick