Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: dealmakr who wrote (4446)	11/4/1998 8:52:00 AM
From: Kevin Shea	Read Replies (1) \| Respond to of 59879

Dave: SYNT on screen, but cautious based on fundamentals. Prefer to wait for up day to really take a hard look. Adding FRAG to watch last night. GTAX. I'm in early. At this time, GTAX is sitting and bouncing on its 50MA. I believe that this may prove to be another good entry position since the 50MA should provide some resistance and also since 9 or so is short term resistance. Yesterday's doji sets up a chance for a retest of 9 - 9.1. If it opens up I think we are headed up for a while. My goals are in the mid 10's based on Fib advances and potential for 13 based on long term resistance. This also seems consistent with cycle counts. Past sentiments may reenter to push stock higher. I believe that it also needs continued volume to maintain advance to 13 range as well as continued strength in small stocks. When it reaches each level I plan to put in a tight stop to assure profits. I prefer to have the stock take me out rather than to bail out too early on advancing issues. Have my current stop at under the 50MA. I am mostly a position trader. Kevin