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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 (2983)	9/10/1998 6:52:00 PM
From: dealmakr	Respond to of 59879

Mark, Today was a great day for the sector, but a bad day for me because of my timing. Margin call looming tomorrow and had to get out of some positions. Sold RIG@ 28 9/16 and MRL @ 9 13/16. As I had to go into the office, I couldn't devote the time necessary to monitor my positions carefully. So I missed the ride on MRL and couldn't hold RIG. Still holding FGII and have been getting a lot of small scalps, but am missing the large moves. I like this sector because of the volatility and the oversold condition that had occured and will continue to be a student of the stocks in the oil services area. Hopefully get better grades soon. IDX is the one that is giving me greif here. Am holding a good size position and the close @ 4 15/16 will cause me the margin call on Fri. Longer term it looks to be a bottoming of sorts and if oil holds its recent gains a lot of opportunity is still there in the sector. Still a lot of room to the upside. What will tommorow bring? Good Trading to all Dave