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

To: sandbag who wrote (7489)	3/5/1999 10:23:00 PM
From: majormember	Read Replies (1) \| Respond to of 59879

>>All my indicators, ADX, stoch., OBV, etc. are pointing down. Barry, "It is obvious to me a massive dose of Viagra is what's needed". Now my "Box" strategy comments.....Re: long and short a stock. I'm looking at CPU, and remembering the last time it fell to $6. Kicked myself ever since for not buying it then. My thoughts on CPU are it could go lower, get bought out by Gateway (rumor), etc. Since I don't know at this point where it's going, wouldn't a "Box" make sense? If it's going lower, you let the long position go, and cover at a lower price (maby $5), where you "re-box" If you caught the bottom in the 6's...and it consolidates there before moving up, you cover your short and let your long run. I can't see the downside to this strategy, but I'm sure there is one, or everybody would be doing it, Right?<g>. Please shoot this strategy down, I'm beginning to actually think it could work<g>. Have a great weekend. Skane