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

To: Willsgarden who wrote (56228)	9/4/2006 11:19:50 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

GTOP- on stocks that drop big, I usually look for a 25% bounce when the bottom is reached..I think the bottom was around 2.29 here, and the drop point was from around 5.70...subtract the difference multiply by 25%, take that amount and add to 2.29 and you get a target of 3.15...It hit a high of 2.92 a while back....Since there is not much potential reward here vs. risk, I would pass on any entry into this stock at this point.... CYTR was a good stock...I sold it a bit early but still banked a solid profit... Have a Restful Labor Day.. Mark