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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 (1801)7/25/1998 10:11:00 PM
From: LTK007  Read Replies (1) | Respond to of 59879
 
Mark,because I am still holding from 16.67:) I am going to disagree,I look for other factors,and this case it is I expected weakness down the stretch Friday as many traders close out on Friday regardless--
plus it rallied after the deep dip off spike --also I do not believe one can play internet stocks by the book--also their is major over hang on this stock from 2 years back---hope I am right,but see a major run for this on Monday--will play it safe probably and look for 22 exit,and then possible re-entry at 18,and think it may re-surge to 25 sometime this week.(BTW,I do not dispute this is overbought-it is)
now how's that for a differing opinion-LOL.GoodLuck,Max90
Positive news factors going into weekend on P6 be the momentum man Louis Riley calling for strong buy at close Friday.News,faintly negative,T announced joint venture with BT which some foolish might think is a merger--and lock out of P6,which it isn't.
BTW,tight trading is rough for me,as I oft times can not be at my computer--so i have to view oft-times through wide-angle lens.



To: TATRADER who wrote (1801)7/26/1998 10:03:00 AM
From: mark nowacki  Read Replies (3) | Respond to of 59879
 
Psix is getting ready to take a dive on monday. If one reads candlesticks, the formation is dark cloud cover which tells of the end of a rally.I have followed DGIT, LEAP, ABET, ZAP, ITEX, EGGS these are just the few hyped internet stocks that lose tons of money per quarter and get mentioned as possible buy out candidates or partnering etc. Hype, Most readers of SI don't realize that the shorts are the ones who come out and say the stocks going to 30. I do tech analysis with Aiq. The most reliable indicators are the Bollinger bands and AIQ bands when the open up then you know something is happening. They haven't. The top of the bands are 18 1/8 which means it will probable go to 17 1/2 or lower.