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

To: SnowShredder who wrote (26171)	12/4/2001 3:28:37 AM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi Collin, I'll probably stay with one of my stable ponies tomorrow. On OSIS, watch to see if it puts in a tweezer top tomorrow (another spike up and pull back). If so, I'd short with some comfort before the close. Look at what happened to HLIT back around Oct 23 & 24 for an example of a TT and it's common consequence. The formation isn't that common, but a doozey when it completes. Still may be a good short if volume kicks in and price can't get over today's mid point. Negative is that there is already a lot of short interest in the stock (as of mid NOV) so could rally fast on covering. I think you played SBUX once or twice before - take a look, it's about to finish off that gap down and could move back into the 20's. I have both a trading and long term position (some still from the IPO); historically it runs up the last of each year. Got my parking pass for Crystal Mountain - snow is accumulating; 58" at the base, 80" at the summit. Lifts are running, but we probably won't go till the school break. Naz futures up 8 over fair value just now. Long time to opening. Peace and Justice --- Patrick