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


To: TATRADER who wrote (44836)1/26/2004 11:41:58 AM
From: kodiak_bull  Read Replies (2) | Respond to of 59879
 
Tat:

You've been reading my email (or we simply have the same approach!). I bought DIO this morning for 0.34 (waiting on a 0.33 bid for a long time but no fish would take my bait), along with LFP at 0.51. The more I trade this market the more I feel the midgets can return those big, honking double and triple-digit returns we hunger for.

Both DIO and LFP look great on the weekly charts; this is an area where we just have to give them time and let the market work its magic. DIO will have to fight through 0.45-0.65 and then it's a nice cruise up to 4.15 or so. LFP is prolly good for a triple, with patience.

Another attractive midget is ISV, but I can't own every stock in the market.

Patience is key. I bought a midget off a pleasant looking chart in mid November, just toggling back and forth from the 1-day to the weekly chart, at 1.45. Now, two months later the tree is bearing fruit: SVVS. My targets for this name are much higher.

Finally, my play of this day was, again in November, to have lobbed in a bid for some OMG options (April 22's). It was one of those situations where you're not sure you're happy when you get the email: Trade Confirmation. In any event, in spite of the quick fill at 2.05, it's been quite a run until this morning when I sold them all for 10.90. I just had a feeling OMG might base down into the 30-31 area and stall out. 2 months, 432% profit, okee dokee. I wish they all could turn out as sweet.

Kb