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


To: John Vosilla who wrote (56250)9/7/2006 2:05:41 AM
From: GTC Trader  Read Replies (1) | Respond to of 59879
 
<< We shall see on THLD if this breakout holds. >>

John,

That remains to be seen.

I was stopped out of 20% of my position between 2.22 and 2.24 today. Those shares were purchased at 1.97, so that locked in a decent profit.

If it drops to 1.93, I will be stopped out of another 30% of my position, which I purchased at 1.59, so that would be a nice profit.

However, like most, I am heavily underwater on the remaining 50% of my position. Hopefully it will continue higher and I can take a bigger profit on my 30% position to cover losses on the 50% position. I have an order to sell my 30% position at 2.92 and I think that it has a decent chance of being hit before the 1.93 level my stop is at, but I will likely move that stop up and get hit before it gets to 2.92.

<< Still selling for near liquidation value.. >>

Do you view this as negative, or as a positive since it may help the stock to stabilize around this area?

It would be great to see THLD hold above 2 for the rest of the week.

Wheel sea ...

Ken