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


To: GTC Trader who wrote (56273)9/8/2006 10:41:30 AM
From: John Vosilla  Respond to of 59879
 
And what of the over all market? Expecting the typical fall swoon here? Does it even matter for stocks like THLD? I've scaled out of most of my other long holdings lately.



To: GTC Trader who wrote (56273)9/14/2006 12:53:45 AM
From: GTC Trader  Read Replies (1) | Respond to of 59879
 
<< THLD - I think that 2.00 will be the key battlefield. >>

I think that THLD is at a crossroads and likely to move higher soon.

The last couple days, I saw bids disappear near the close after strong buying in the last hour. It looked like tape painting to me.

THLD looks like a stair stepper ready for the next step. I expect a jump to 2.60 in the next couple days.

That said, it has a nice uptrend line at Tuesday's low of 2.10, and trading below that, and especially closing below that, would be very bearish. I might sell half my remaining shares if that happens. I just entered a stop limit sell order at 2.08, but I removed it because the stock is so jumpy. It might have a bear trap spike down to ~2.05 or so, and then run higher.

I would like to see it take my limit sell order out at 2.92, but that may take 2 more stair steps.

BTW, the 5-minute chart on Big Charts shows 2.30 as the high even though the high is listed at 2.35, so I consider the high at 2.30. A move to 2.35 and I think we are off to the races.

As always, wheel sea ...

Ken