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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 (3146)	9/17/1998 1:44:00 PM
From: shasta23	Read Replies (1) \| Respond to of 59879

HI MARK! Could you do me a favor and look at FGII for me? I have a short position with an average of 16 13/16 and thought that the stock would pull back because it had as limits around 18 a)a gap as resistance, b)the 50SMA c)RSI looks toppy and stoch7,3,10 is in overbot territory. But despite the sell-off in the beginning i'ts showing strength and i'm getting a little worried about that position. Maybe you could give me your opinion and suggest where to put a stop(18 1/2?!, i know it's not your ideal 5% stop but i guess my entry was not good...). any help would be appreciated! Stefan

To: TATRADER who wrote (3146)	9/17/1998 2:56:00 PM
From: Rashid Garuba	Respond to of 59879

Just saw 84k buy on USWB. Nice ascending triangle intraday. Back in at 12 15/16... Probably should have waited for 13 1/16. Should fly once it clears $13. Rashid

To: TATRADER who wrote (3146)	9/17/1998 6:34:00 PM
From: majormember	Respond to of 59879

IMNX.....if chance, can you TA.....TIA...Skane

To: TATRADER who wrote (3146)	9/17/1998 9:42:00 PM
From: Pullin-GS	Read Replies (1) \| Respond to of 59879

Covered USWB short in AM for healthy 1 pt profit (opened at close yesterday).....went long for another healthy daytrade profit....shorted again for another 9/16. This stock could see 15 easy if the trend continues. If it does make it that high I will consider opening a position short to low 10s. Fundamentals dont add up and the hype gets deeper and the bounces are less and less. Seek treated me well today on a 1/2 point run in the AM, and a nice short towards close for 9/16. Played CIEN a few times as well for about 1 pt total over the last two days. Still daytrading on cash/margin and holding some core position trades such as INTC. Take a look at SCON (short)....they had some real news, so exercise caution. Scon up around 6. Give it a day or so more to work news out....maybe as late as mid next week. 6 1/2 last entrance point for me...it may go higher this time if market is favorable. Everytime I short SCON it has played well for about 20-50% each time. It takes a while to realize gain, but it happens. Also expect news from ESTI.....I wont go long yet (looks like a leak...expect FDA anouncement soon IMO). I will short till I'm blue in the face though if it trounces 11-13 area, as it has done in the past.