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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR)

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To: Walt Corey who wrote (20)11/23/1996 4:17:00 PM
From: null   of 2428
 
A Little Bit of TA:

Isn't that thread at least intriguing?

Centura's 60-Day Moving Average (MA) has *historically* predicted (is there such
a thing as a "prediction" anyway?) "buy points" for CNTR althought it has not
actually generated "buy signals" until about a week into the upswing; and, perhaps
of even more interest to some, it has also been *uncannily accurate* at generating
"sell signals" a day or two *before* a big drop of a point or more (closing).

Whether this really means any thing at all is of course up to the individual investor
since so many have already dismissed TA as some kind of Vodoo. However, let us
say just for fun that we could actually extrapolate from CNTR's historical trends, and
that we could also safely assume (don't tell me, I already know what it stands for!)
that the stock will remain in the $3 range for now, then *strong* buy signals would
be expected by mid-to-late December.

WALT: I have enjoyed and learned from your postings on the TA thread. As a
"software developer" and as an investor with "8 years of TA experience", what is
your opinion of Centura's potential, and what does TA tell you about CNTR ?

Thanks in advance to Walt and all for any thoughts you share with this thread! : )
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