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

To: majormember who wrote (817)	6/8/1998 10:51:00 PM
From: TATRADER	Read Replies (4) \| Respond to of 59879

Skane, I am still adjusting my overhead figures as you well know...It is like the market, an inexact science...IMHO, ADOT is not going to clear the overhead in the 30-37 cent range on Tuesday...I calculate at least 6 million shares of overhead, and you have only taken out 1/4 of it...So I will wait and watch...Remember on NXTC, one of the reasons I did not enter is that I calculated 1.8 million to officially take out 28 cents...As of last week we still had 800,000 to go, and the stock weakened back to my congestion area at 28 cents today, on less than 100,000 shares of volume...I thought the balloon would run out of air...Again, I could be proved wrong tomorrow, as it kicks into high gear and leaves 28 cents behind forever... If anyone like reversal plays TRBDF, should reverse in the 5.50-6.00 area if it didn't already do it today...There is an old gap at 5.81 that it still might want to fill....Could pick up a good point and 1/2 when the short players cover...I will miss this quick way to make a buck because I will be at conference...Already lost a couple of points on this one, but am looking to conquer it once again...Remember, SET STOPS ON ALL POSITIONS SO THAT A SMALL LOSS DOES NOT BECOME A BIG LOSS... The six month gizzard remains IMPX...IMHO, a buy anywhere in the 90 cent to 1.00 area...Don't dare pay a penny more..Let it come to you... Still looking at SRMI....Mark