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

To: TATRADER who wrote (174)	5/7/1998 1:18:00 PM
From: NW_Trader	Read Replies (2) \| Respond to of 59879

Hi Mark, A general question to educate us all. As I understand, Jeff Cooper likes higher priced stocks because of their multi-point move potential. When you apply Cooper's patterns to low priced stocks, do you make any adjustments for the lower price? Example: for a buy after a 180, Cooper would enter only 1/8 point above the day two high and set a protective stop one point under the entry point. Stating the obvious, 1/8 point, or 1 point, are a small per cent of a stock trading above $75 versus a stock trading below $12. And iIs there another adjustment that needs to be made for True Gizzards? Didn't get much done last nite, so more later. Always trying to learn, thanks. Peace and Justice --- Patrick