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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 (494)	5/22/1998 7:06:00 AM
From: majormember	Respond to of 59879

<<SKANE if you get 1 point on XYBR>> **************************************************************** Mark, the XYBR marketing agreement hit the wires at 1:38 P.M.. When I look at XYBR daily chart, I notice that at approx. 1:38 P.M., XYBR took off from $5.30 to $6.25 on heavy volume. To me, that indicates news of the distribution agreement had a DIRECT & IMMEDIATE impact on the share price. I am hoping for an intraday move to 6.75 which gives me 1 pt. If I am wrong I have the tight 3% protective stop to limit my loss...Regards, Skane

To: TATRADER who wrote (494)	5/22/1998 8:27:00 AM
From: Pullin-GS	Read Replies (1) \| Respond to of 59879

If XYBR jumps past $7 I'll be all over it waiting to jump in at the right moment as a short....that is if I'm able to watch it today (I don't trade full time...I have a day job). Here is a stock that has treated me well these past few days: CFON....currently short...played it long and short twice already. Overhead is currently greater than the Float!....it is a trader's stock right now...and the shorts have control....but a squeeze could be possible (squeeze target $9...currently trading 6.5), so be warned. A little TA for CFON that I posted earlier to the CFON thread:.... One of the less popular indicators (one of my favorites) is the fact that volume has declined way below the Volume-21-day-EMA. Today CFON closed with less shares trading hands than 1/20th of what CFON traded at just a few days ago. As is the case most of the time on hyped stocks when volume subsides, declining price will follow. Bearish. On Monday CFON traded the entire day within the upper envelope of the Bollinger Bands. The previous 3 days CFON had broken out and closed above the upper envelope. BB support is pegged at 4 31/32. Resistance is at 10.0....and trending down. Bearish. MACD Histogram is trending down now since last Thursday....momentum is long gone. Bearish. The Ultimate Oscillator diverged from price last Friday signalling a trend reversal to the downside. The trend has been confirmed in a strong way on Monday and Tuesday, and was again tested today with another down day. Very Bearish. RSI crossed under 70 earlier this week signaling a reversal. The reversal was confirmed over the past few days given declining price and volume. Very Bearish Accumulation/Distribution is also on the heavy distribution side (selling) currently. ADX is below -DI and below +DI.. To go long now into heavy selling would not be a good idea. If one must own CFON as a fundamental investment it would be wise to let the shorts finish and find another stock to prey on before going long. Bearish. Stochastics are all over the place these past few days....no read at the moment. The Eastern chartists got a very bullish CandleStick pattern on Tuesday with the "Three Crows" chart pattern. The reversal was confirmed today with another declining day. The Panda Bears will be coming out of the woods. I show allot of buying in from 3 1/2 to 10 3/4 areas. A few lemmings got caught in the frenzy to 15.....very unfortunate. The stock settled somewhat around 9 to 10ish where many shorts covered, as did long daytraders. More new shorts jumped in as well. Overhead is tagged at a value that is greater than the float given the amount of flipping that has occurred, so I can't really begin to forecast the number of shares that need to exchange hands before we take the initial tank to $5. $3.5 will come after a much longer wait, but IMO it will come. It looks like after another day or two CFON will open the volume flood gates and it will be every long for himself to $5. Our next level of support is $3. After $3 is anybody's guess. All of the above can be undone by one or two strong days...but I believe that long-term technical damage has been done here by the stock run-up. The traders have gotten involved, and this has forced many loyal holders to re-evaluate the fundamental merits of CFON and perhaps look to exit with at least some of their initial investment. The smart ones have already looked into this and acted appropriatly.