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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (3557)	12/27/1997 1:16:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

Nice short on AVNT....However, right now I would not entertain a new position.....Stock is stuck in middle of trading range from 15.00 on downside to 21.25 on upside....I would set a trailing buy limit stop, to make sure you don't lose your profits....Otherwise, if all goes well I would do a safe cover in the 16.00 area.....Or I would short it if we have a January rally in the 21.25 area.....Watch your fast stochastic 8 day.....When it gets above 80 it will be time to short it again, and if it drifts down to 20 or lower, I would make sure I covered by that point with an open position.....Good luck and keep those short ideas coming.....I am going to get my wings clipped soon with Lzzrd, Robet, and Zeev creating the next bull market...There are definitely a lot of stocks that have been hammered beyond recognition and do for some long-awaited upside...Regards, Mark