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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: Fli-by who wrote (3253)11/1/1999 10:38:00 PM
From: Ronald P. Margraf Sr.  Read Replies (1) of 18222
 
Evening Fli,

Did the evenings downloads. We had a pretty big gap on some pretty hefty vol.. Now normally I would be concerned of a sell off the next day but I see that we have had some new developments in the momentum line and the directionals. The momentum line has flattend and if I'm reading this right there was some accumulation showing up in the directionals. I'm wondering if the company pulled some more stock out of the market today. There was some heavy buying first thing this morning and then again a little after 2:00. Those two times alone there was about 1.2mil. share traded. Now that is a pretty big chunk of stock picked up. So it will be interesting to see if the company picked some more up today.

If you look at the directionals you will see that sell off stopped. We will have to wait to find out if it turns back to the upside.

So in summary, we will have to wait and see what happens tomorrow. I'm guessing another small bump to the upside. If we can get through Wed. without a sell off, then we could maybe finish out the week with a nice return for the week. But let me caution you on up trends. It will take several days to determine that. Maybe a week to prove it out. The momentum line should confirm that.

Well so much for amateur night.;-)))) We will just have to sit back now and watch it real close. Some good solid news would be nice in the next few days. That will really give a shot in the arm. Enough already.;-)

Catcha on the upside,

Ron
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