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

To: LzzrdKing who wrote (42)	5/5/1998 8:41:00 AM
From: TATRADER	Read Replies (5) \| Respond to of 59879

TOPS...Pattern is 3.25 by 4.00, giving target of 4.75...Making potential buy in at 4.03 on the bid..However,the volume level on this attack makes me suspicious...Stock zoomed down to low 3's yesterday and then closed near 4.00..Volume level was low...RS is not making a higher peak from last attack in this area...Personally, I think a few traders are trying to create a rally(they bought in 3.68-3.87 area) and now are trying to move the stock just over 4.00, so they can sell their shares on the new money coming in...Of course, isn't that what always happens anyway.. Lizard, we all have niches in trading...I have tried to expand my horizons in all different areas(got my hyde tanned as you know), and now I feel that I need to focus in on a certain sector, and become the best I can be there....These low priced issues(not the bulletin board real penny stuff) offer the greatest rate of return on a trade...Look at SEVL the other day.... True, whenever you focus in on low-priced issues, you will get the rifraf hype of bulletin board chaff...My hope is to sort the wheat from the chaff...Further, many of the very good traders shy away from these issues since they are trading larger sums of money, and it is hard to get in and out at good prices....Why do our buddies Connors and Cooper always recommend in their books to apply their strategies to stocks over 30.00 a share? At least that is my thinking as to why they do that... P.S. Maybe now Robet will come back to your thread..I feel badly that I turned him off from it... All the best to you....You are a top trader, and I hope to follow humbly in your footsteps....Regards, Mark