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

To: majormember who wrote (8252)	4/21/1999 12:16:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

Wife took home good 1 point on IPVC today..Sold at 3 1/2... Entered ESST with large position at 8 1/4...Looking for double digits in this one..Reminds me of BEAM..ESST has projected earnings of 80 cents a share for next year..Give it a PE of 20 and you have 16.00..Don't find bargains like this often... Trader tips: Some of you may wonder why I entered ESST today at 8 1/4(or wife entered it) Mark, it did not close in the top 25% of its daily range...Plus traders sell into news..News was announced yesterday... Why did you buy Mark... 1) Yesterday the day traders did sell into news, true...That is the reason the stock did not close in the top 25% of its daily range.. 2)When you observe a low PE, and great earnings projected, it gives you reason to believe the rally will be more than just a one day flare up..The value hunters will arrive on the scene.. 3)Take a look at the pattern..The neckline is at 8.00..The stock went through the neckline on huge volume..Now today, it does not retrace but holds on day two above neckline..This was a buy signal to me.. Pattern is 8 by 5...So that puts us above 10 soon.... 4) Take a look at 14 period ADX, it is at 27...I love to buy stocks as they move into the 20's with ADX, we call it the birth of a trend... Above 40 on ADX, and you have to be really careful, since then you have a mature trend.. Some of you may wonder why i play positions of 5K,10K,15k and sometimes 20K...Why don't I play 10K,20K,30K...With small Nasdaq stocks, you must be nimble..Be able to jump in and out..The larger your position, the harder to move in and out...So small size lots are the way to go...Cannot complain...A 2000 share position on IPVC brought home 2K today alone...Not bad for a day's work... Regards, Mark