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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 (3133)	9/17/1998 8:54:00 AM
From: Rashid Garuba	Read Replies (1) \| Respond to of 59879

Think I'll spend more time on the S & P than the DOW. Here are some you might like: SHEL, WMS, CNDS, THP(How do you explain this one: Over 500k shares, no movement, 57,500 shares, up over 25%) I see the pre-open on the Internuts (hot at closing yesterday) Talk about a trap (short covering)! Every long probably took those home. Here are interesting rules I found on SI somewhere on handling gaps (that you took home) Gap down If you are long: Wait (The chart should have been healthy enough in the first place before you bought the thing) If you are short: Cover Gap up If you are long: Sell If you are short: Wait Guidelines only. The devil is in the details. Stops overule all rules. Let me guess: a gap down open, a rally to yesterday's close, then a flat day declining to the close. Foolish predictions. They could still open up. Seems the only things one should take home are higher priced shorts or beaten down longs... Rashid