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

To: Rashid Garuba who wrote (25793)	11/15/2001 12:03:25 AM
From: NW_Trader	Respond to of 59879

Hi Rashid, SMS = scratched my shorts, LOL. Will keep that one, I think. Well the top must be in as the shorts capitulate. I hope so as I'm still short DRIV and VTSS (another love-hate relation developing there, like when I was long at 10 several times). I did 'box' the VTSS again with a long position of AMCC @14.40. And I covered the EMLX @ 26.10, not a scratch. Added 2 more buys of LVLT @ 6.50 to go with the first hour buy @ 5.80. 5.50 was resistance and when it gapped over and held and large blocks started going thru I bought @ 5.80; not really a gap up strategy. The next resistance I had at 6.50, and I didn't expect it to cross that so quickly. Had buy in place for retrace but doubled up as the strength looked good and it didn't dip as far as I expected. Sold 1/2 the 6.50 position in the last hour @ 7.40, holding the rest in case the market is generous tomorrow (avg cost 6.15). Now I remember why I like to play gizzards - it's the %. <VBG> AMAT report roiled the AH, maybe the top is in. What a wonderful guessing game the market is. Peace and Justice --- Patrick