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


To: Rashid Garuba who wrote (2064)8/2/1998 7:00:00 AM
From: TATRADER  Read Replies (2) | Respond to of 59879
 
HNV- overhead of approximately 6 million sitting at 3.62...Give us another 2 days of 1 million + volume and I will starting believing...
Buy area would be 3.62 on BID...Will watch for continued volume expansion..
COB-looks like run would be to 12.18 area, should we break 10.12 on bid...
INCL-Double bottom pattern. will probably wait for 7.50 area....
IATA-Downward trendline needs to be broken at 12.12...Once broken will
entertain thoughts and do further study on potential entry...

Have to download other stocks...Good picks....Definitely worthy of watch list....Mark




To: Rashid Garuba who wrote (2064)8/2/1998 11:50:00 AM
From: Dan Lisman  Read Replies (1) | Respond to of 59879
 
Rashid, appreciate your words of wisdom from school of hard knocks. I have made your same prior mistakes and am mostly on the sidelines, taking notes. Hope you don't mind if I reprint some of your words worth remembering:

I don't believe in buying to "prove" anything.
No point trying to be a hero picking the bottom.

I also never go long anything that's red. I'm just no good at "intraday bottom fishing"

needless risk taken by penny stock players.
trading like a drunk and bumping into the occasional home run.
The best thing I ever did was move upmarket.

once you are stopped out of stock and it starts declining, only get back in if it is able to make new highs that day

With big momentum plays like ZAP, EGGS, NAVR.. etc. there is a bounce beginning on down-day 3 or 4 after the big run. Works over half the time.

I too, have you bookmarked.
Dan