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Microcap & Penny Stocks : OTC:BB STOCK PICKING Challenge

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To: KZAP who wrote (7254)10/17/2001 6:24:42 PM
From: Hawkmoon   of 17315
 
MUCP up 32.35% today... Don't let the wide spread bother you though. This stock is clearly under accumulation and there are some market imbalances causing the mmkrs to try and slow down the trading in the stock (my opinion).

Y'all want to see a BEAUTIFUL "hammer" on the candlesticks?

bigcharts.marketwatch.com

With these imbalances, daytrading the stock is not possible until they arrive to a price where they can encourage profit taking. But the uptrend continue to be clear and the weekly chart still tells us we're due for a break-out above upside resistance sometime later this week or next. If there is material news, we could see a gap-up to $2-3/share. That's what happened the last time the weekly chart possessed this configuration and bollinger band pinch in late 1998:

bigcharts.marketwatch.com

And they didn't have nearly the quality of management, product, or backing back then, as they possess now.

msucorp.com
msucorp.com

Btw, I understand they will be located in National Semiconductor's booth at COMDEX in November, right across the aisle from CSCO. Should generate some major interest in their set-top box.

Caveat Emptor

Hawk
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