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

To: nutxspirit who wrote (24440)	7/19/2001 1:57:57 PM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi Pat, ASTM: we're working on resistance here around 2.20; I added to the trading position this AM @ 2, if we can get thru this then 2.5 would be a nice profit and a possible resistance (absent news), but early IMHO. Volume increasing nicely as well. Check the longer term chart and you'll see what I mean - I've a target TL that currently is >3 and rising. This is a stock that pyramiding makes some sense as the anticipation of news pushes the price up, and taking profits (some or all) as the news breaks. BTW, tho it doesn't show on a chart, the AH market traded this stock up a couple bucks on it's last runs, so if you've access to that, be ready to use it (i.e., 4 might be conservative). Earlier today I started a partial position in SBUX @ 19.6; covered (@ 49) the partial NVLS short that I started a couple days ago (-.65); bought KALC @51.55 to balance the remaining NVLS short, but just flipped out of it at 52 (+1.45). Peace and Justice --- Patrick