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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 (26088)	11/28/2001 4:17:25 PM
From: SnowShredder	Read Replies (1) \| Respond to of 59879

Hi Rashid, I just dumped my PCLN after the bell, I didn't like how the market closed...only long AVGN & nibbled a little INET...no pizza for me today...cup of noodle will just have to do...ended the day even - commissions : ) Best of Luck, SS

To: Rashid Garuba who wrote (26088)	11/28/2001 8:26:15 PM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi Rashid, Good call on PMCS short - the AMCC news from the CSFB conference tanked it as well. I'd like to have gotten it short too, but chose AMCC for a $1.50. ONIS was on my break out list to go long, but became a good example of the Trader Lesson of the Day - never have an inflexible opinion of the markets or a stock. When it gapped down on open, I continued watching to see if it would get back up to yesterday's close (it didn't) or drop under 9.60 (short term support, and I was guessing a lot of stops had been set just below that). Got short at 9.40 (slow fill) and covered a bit before the close for 1.25. Had expected to hold for 8.20 (another support), but it came faster than I thought. I added a second albatross to CFON in the form of TXCC. When it comes to low down gizzards with a pattern, I still haven't learned my lesson I guess. I did sell HLIT when it couldn't hold 11, rebought at a discount but ended up flipping it for a quarter when it couldn't take out 10.80. Also Dumped SIRI for 50 cents when the market went south in earnest. Thought of shorting VTSS, but with it's appearance at the CSFB conference after the market closed, risk was too great to play overnight. Still in last position of CNXT (from 13), but probably should have sold. We'll see tomorrow as my afterhours order didn't fill. Did you see the swan dives EXTR and FFIV did? These could be a poor man's QLGC (properly traded, wouldn't be poor for long). If we are at that ST top, look to short from the list of big gainers I posted a while back and stocks like STOR that have had a big run up in the past couple weeks (or days). Also take a look at Winning With Failures - Take advantage of failed patterns in the Nov 2001 (pg. 50) TASC. ONIS might qualify as an example. Also MANU (which I didn't trade). Should be able to work up list of stocks that could one go long or short depending on the market and the pattern succeeding or failing. Stocks in the 10 to 20 range would seem to be the best bet and bang for the buck as close to 5 may be hard to short (my experience with LVLT yesterday). Also need to consider liquidity, as shares to short may not be found if the float's too low. Peace and Justice --- Patrick