| Moderated By: TATRADER -- (Moderated) -- Started: 4/30/2003 11:28:55 PM Revision History |
A gizzard trader looks for stocks that
1)are under 12.00
2)have had a terrible past
3)usually have 80 million shares outstanding or less
4)do not have a lot of debt
5)have a recognizable pattern(double bottom, head and shoulder bottom,ascending triangle, etc...)
6)have had a 1 million share trading day in its recent past
7)are spurned by most professional traders
8)do not have sizeable overhead to overcome
9)provide an opportunity for a 25%-200% return in a short period of time..
10)are usually found in a hot sector
1.Bull Popper- a gizzard that has spiked upward with 3-10 million shares traded, and now is in pullback phase...The gizzard trade calculates how far the stock will pull back before rebounding...The bounce is the popper.....
2.Overhead-Large volume areas of the past that create resistance to any sustained upmove..
3. We are familiar with all Cooper and Connors trading strategies and sometimes seek out their strategies for finding stocks with potential for upmoves...Examples: 180's, Expansion breakouts, 1,2,3,4's; Vthrusts, Jack-in the Box, etc...
4. We are followers of Pring, Murphy,Edwards and McGee...
We are pure technical traders....We are not fundamental traders........