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


To: Pullin-GS who wrote (4466)11/5/1998 6:11:00 PM
From: Pullin-GS  Read Replies (1) | Respond to of 59879
 
Sold half my AXTI for 1/4 pt....will reback when conditions are better.

....Talk about poor timing selling AXTI yesterday.....
I saw some blocks go by on AXTI today, bought back those shares I sold for a 1/4 premium and added even more, expecting a scalp...and BOOM! The stock exploded up another 1 1/2 points, closing at the high on breakout volume (400%>average vol.)......cant find any news....Level II saw lots of 5-15K blocks go by, the ECNs (daytraders use these) were not on it at all. This was MM accumulation from several key fronts....There was even some after hours trades only at offer (the downside is that INCA was the seller.
I tried to sell some at close, and missed my out window by about 3 seconds (literally). Not to concerned holding this for a couple weeks.

Regards