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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 (24640)	8/1/2001 1:15:38 PM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi bazan, Saw the news (AKLM) and didn't know what to make of it - TA says we should head higher for a bit. The news would look like dilution is coming, but I'm betting that there will be a bit of a run up in the price before the registration statement is effective to allow the private placement holders to get better than the 10% they already have. Then look out? BWDIK. Will watch to see how we handle 4.75 to 5 (which has been the resistance for some time anyway.) Sorry for delay - been sick, not trading much, bought BRLI on Mon, shorted KLAC and NVLS. Covered KLAC yesterday for points but held NVLS to this AM (my bad) - out today, still with a profit, but again gave back $$. MER upgrade of SCs is bogus given the overall weakness, but cut and run is the hall mark of a gizzard trader. Looking for tops of the box to reshort, perhaps today, want some confirmation. Bought QLGC and flipped it this AM for +3.5 - tried for MU but didn't fill - should have used a market order. MOVI has about filled its first historic gap, should consolidate a bit then head up a couple more points. The thing about oscillators is they can stay overbought while the stock continues to go up - I prefer to try and read the chart. This one requires a long term read, but it's there. Peace and Justice --- Patrick