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


To: A Horse With No Name who wrote (52441)12/26/2005 10:16:11 AM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
1.Bull Popper- a gizzard that has spiked upward with 3-10 million shares traded, and now is in pullback phase...The gizzard trade calculates how far the stock will pull back before rebounding...The bounce is the popper.....
I put the bull popper strategy down on the title page again...If you have questions, please ask...

STAA is a close candidate, but not a true bull popper...
I will observe STAA next week to see if it pulls back to bounce buy area...Usually, I wouldn't consider STAA a bull popper since it gapped up at the open...I like to see the move take place during the trading day, not a gap up...

HAUP has already done a bull popper...However, it still has a low float, and a lot of short selling on Friday...I plan to buy it for a short-term bounce trade on Tuesday or Wednesday..

A. The stock moves up over a course of one-three days, 40% or more from its closing price on the day before the move....
B. The stock has to make its breakout during the trading day, not a gap up..
C. Once the stock reaches its high, remember that number..
D. Now subtract the closing price(the day before the move) from the new high...Multiply that number by 66%....Take that number and subtract it from the number of the new high...This will give you the pullback area, and where to buy the stock for the bounce..
E. Now subtract the difference between the pullback area and the high, multiply by 25%...Take that number and add it to the pullback area, for the target on the bounce....Remember, once the momentum dies on the bounce, get out, even if it doesn't reach the target area...
Recent example of that is RIGL....However, I still think RIGL is worth watching, I anticipate a move to 11-13 in the next 60 days...

Mark