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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Jan 8 4:00 PM EST

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To: Norman H. Hostetler who wrote (3554)3/26/1997 8:27:00 PM
From: Kathy Riley   of 13091
 
This is a general remark in regards to TA. I spoke with someone I
know who has been a professional in the securities industry for
the past 20 years. In today's chart, we discussed the 3 resistance
lines that have been broken and that it appears to him that this
is a continuation/confirmation of the uptrend extending from January.
So it would appear that today indicated a reversal.
However, I have some concerns that this happened on the same day
that Mark has returned with some TA analysis, indicated
in the short run the stock would go to 8. This is a thinly traded
stock. My concern is are these postings "creating" charts? And
what does it mean when the person posting the TA trades on them,
and tells everybody what they are doing? And then the stock
price follows that action? Would the stock have gone to 12 last time
instead of 10 had people not known he was selling? And if we don't think
what is said on this board does not affect things,I believe that is a misconception. At this point, the board carries
alot of influence. I know alot of people on this board respects Mark's
work and for me that is not that issue. I am wondering about
chart creation. If TA Mark says he is selling at 11 3/8, will you
too?

Kathy

P.S. I may not earn brownie points for this post, but I need to
question things I have questions about. And anyone who has done
due diligence on GRNO will know how to correctly interpret my post.
For people doing research on what has occured to date, there is also
a board on AOL under Company Research for background.
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