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Microcap & Penny Stocks : ARET (Formerly KLHE)
ARET 0.00010000.0%Nov 5 1:03 PM EST
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To: James Lee Baldwin who wrote (2798)12/4/1997 9:34:00 AM
From: (Bob) Zumbrunnen  Read Replies (2) of 4594
 
Looks to me like we've established a base. I'm thinking this is pretty much as low as we go until the next news or until enough people agree about the base and start buying the price back up.

I'm saying this based on the fact that it appears we got no sells after the bid came up yesterday.

Any TA person out there care to give an opinion? I know TA is usually meaningless on pennies, but would think it might shed *some* light here. It looks to me (I'm not a TA person) that the "I give up" folks are now gone and that the MMs may not want to sell those millions of roughly 2.5 cent shares they've picked up at anything less than that amount. Further, I'm thinking that most of the shares are now in more expensive hands who won't be likely to sell too many at less than 3 cents.

Any thoughts?
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