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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 (4299)	10/27/1998 8:15:00 PM
From: dealmakr	Read Replies (1) \| Respond to of 59879

Rashid, RIG today I thought was going nuts. Shot up to 41 1/2 before selling off. What do you call that type of reversal in TA terms? Covered 1/2 position shorted @ 38 11/16 at buyin of 38 1/16, leaves position exposure now at 36 7/8 with average in. Crude price not supporting move IMHO and with selloff today in general market am waiting to see what tomorrow brings. Was watching RIGWH Nov 40 put and if general market and crude had rallied would have sold @ 3 1/4. Got a 1/2 shorting DELL on break below 64 1/4 and went into office. The DELL monster gapped strong at open today and banged right up to 65 5/8. Am trying to get a good timing system going on this one for long and short positions. 69 is the number to get past into new higher ground, but at a PE so high I tend to want to play from the dark side of the short. Missed the gold plays today, congrads to you guys for getting the score on the yellow. Good Trading Dave PS: EBAY worth 4 billion today I heard on CNBC, makes you think about where we are at. Had revenues of 12-13 million or so for the quarter. Will be hiring somebody to design website for on line sale of South Seas real estate and tulip bulbs and go public.