RMGG Message Board - Msg: 12331763

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Microcap & Penny Stocks : RMGG

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To: Bouf who wrote (1109)	12/19/1999 2:52:00 PM
From: Charles Kalb	Read Replies (1) of 1170

All......The stock100.com Neural network engine gives a 5-day projection for RMGG of 0.258. stock100.com Close on Friday was 0.165. Looking at an Hourly chart, RMGG is sitting just above the 75% retracement level for the big run from 0.05 to 0.48. IMO the risk/reward looks good here. Possibility of a further slight decline of about 0.01 (minus 6%) to fall exactly on the 75% retracement, but if the Neural network projection is anywhere near correct 0.258 is a 56% increase from Friday's close and a 66% increase should we bottom at 0.155. That is a 10/1 reward/risk ratio. If we come close to these projections we will also have broken out of the short-term downtrend (trendline analysis) induced by the MM's efforts to severely hold this stock down on very significant news. Such a breakout would likely continue higher. Anyone have any experience with the batting average of Neural network programs? There are some high-priced software packages out there that use this approach to Technical Analysis.

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