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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 (22925)	5/24/2001 7:55:11 PM
From: NW_Trader	Respond to of 59879

Hi Mark, More tales from the Gizzard Wars: Why Gizzards don't buy and hold -- First SIII became SBLU (and still trades at < 1/2 its buy point from way back when. Then AZTC went to the BBs (after dropping 98%). Now this - tho in honesty, this isn't that bad, given what's happened in the past 18 months or so. PictureTel (PCTL) 4.94 +0.49: Company to be acquired by Polycom (PLCM 27.74 -0.41) for approximately $362 mln, or $6.42 per share (30% premium to closing level). The offer a will be a combination of 0.1177 shares of PLCM and $3.11 in cash. Deal will be accounted for as a purchase. Excluding non-recurring acquisition related expenses and non-cash charges, Polycom expects the acquisition to be slightly accretive in 2002. Will ponder and study HYGS, but at first blush it may be the foreign origin and uncertain technology - or a longer term accumulation? More later. So what moved BBSW afterhours? Will look over the list later - have to get to my own yard work. Peace and Justice --- Patrick

To: TATRADER who wrote (22925)	5/24/2001 11:47:49 PM
From: rowrowrow	Read Replies (1) \| Respond to of 59879

TATRADER, Bought 4k BBSW on a tip yesterday....but kinda flying blind. Trading strategies for tomorrow would be most appreciated! TIA row

To: TATRADER who wrote (22925)	5/25/2001 9:18:12 AM
From: Robert Meany	Read Replies (1) \| Respond to of 59879

Watching MCAF short today. Bob

To: TATRADER who wrote (22925)	5/25/2001 6:25:13 PM
From: NW_Trader	Read Replies (2) \| Respond to of 59879

Hi Mark, if you have any ideas on what went bad on HYGS, please share Will have to save analysis for weekend as didn't get QP data until well after midnight and didn't even get to do proper scans and prep for today's trading. Seems they had a virus and/or server crash; first time for everything. The upon reflection of what I did yesterday with HYGS, I bailed on the day's position for scratch when the gap open looked like it would fail (second test), the stock couldn't hold it's intraday gains (unlike many other alternate fuel stocks), and {most importantly} the price-volume divergence - i.e., daily volume was increasing as the price was dropping. Based on price-volume analysis, I kept COSN and EFCX and 1/2 of today's ASTM. Also sold CAPA for a dime, again volume isn't supportive. Price-volume agreement/disagreement is a great signal - and lately volume kept a number of trades from being bad memories or confirmed a good trade for me. When I've ignored price-volume relations, I have often fared poorly or just been lucky. Two days ago I didn't consider that CMTN was trading higher on higher volume, and altho it had pulled back from its intra day high, it held above both intra day support and retraced less than 50% of its push. But I nervously sold at 4.8 thinking it was weakening. In reviewing the tape, the volume was not increasing as the stock trended down - I just convinced myself to get out with $$ in my pocket. Had to scramble to catch it the next day and while I did so at a discount of .2, that was more luck. I don't know if these links will work for non TASC subscribers, but here is an article in 4 parts on volume analysis that while simple, contains some good points. technical.traders.com technical.traders.com technical.traders.com technical.traders.com Hope the party went well and the clean up isn't too bad. Peace and Justice --- Patrick