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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 (35499)	3/20/2003 2:23:45 AM
From: NW_Trader	Respond to of 59879

Hi bazan, I'm around, just not playing much in the way of gizzards and generally nothing under 5. Mostly I'm trading the likes of CTXS, ADRX, KLAK, SNDK, ISSX, VECO, XLNX, CREE SLAB, and NVLS long and short as the day dictates. As these don't fit the current focus of the thread, I've refrained from posting much. I've come to agree with Jeff Cooper that the best moves for trading are easiest found in the higher priced, highly liquid stocks, with above average betas, and good daily ranges. Capturing many smaller gains is a more profitable and less risky than waiting for a low priced stock to make a move. In the current market climate, I've found I do much better with flexible strategies that can ride short term moves in either direction. I do hold some longer term (weeks to months anyway) positions in a few low priced stocks and CTIC is one of them. It's an old fav of mine from several years back when I played it from 3.5 to about 18 and then got off and missed the continuing run up to mid 70's (sure wish I'd just held one of those 5K blocks and I'd be in Maui now). Still I made some good monies on it. The company is local for me and last month the Seattle Times carried some news on it that got me to give it another look - I'm in for another longer play from the Feb lows. I expect some resistance at 8 or just around that (where we are), and will lighten up if the volume drops off, but if it can take out 8 with some gusto (especially this week), I think there will be point or more on this run. Yesterday, it touched 8 on a single 7K share trade .4 above the ask 2 minutes after the open and never came closer again, so yesterday's candle is a bit misleading. Today's volume (~2x average) is encouraging, as is the pattern it traded intraday (early dip in first 30 minutes and consistent uptrend rest of day)and the candlestick it printed is good. My MACDs, STOCHs, and other indicators still have it on the rise. All this is subject to the prevailing market conditions, of course. JNPR is a good trader in that price range. I think it's at the top of it's current trading range and about to reverse, so a short would be the next trade to put on. I've been playing it's bounces for a while fairly well for multi day swings. Glad you're still around and hope all is doing well. Someday when the bottom has been put in and we are in a good up trend, I may play more of the little ones again, but for now it's just easier and more profitable to follow the money to find stocks to trade. Peace and Justice --- Patrick

To: bazan who wrote (35499)	3/21/2003 1:37:34 AM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi bazan, A follow up to my earlier reply. We started to get the answer today on CTIC - took a while pushing against that 7.75 - 7.95 level. Late day rallies have been the intraday pattern recently. Volume today was about average if you discount the several recent spikes (about the 11 d SMA level with the spikes). Encouraging that while it didn't hit 8 until the last 15 minutes of the day, once it did, it never pulled back under and more than 25% of the day's volume happened in that last 15 minutes. Let's see what tomorrow brings. Peace and Justice --- Patrick