Consoldated Capital Of North America (CDNO) Message Board

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Microcap & Penny Stocks : Consoldated Capital Of North America (CDNO)

CDNO 0.00140

-6.7%

Nov 5 3:47 PM EST

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To: OLD JAKE JUSTUS who wrote (1019)	1/20/2000 3:06:00 PM
From: Charles Kalb	Read Replies (1) of 1078

TA Tidbits * CDNO broke out of a triangle formation strongly today to the upside. * Intraday high of 0.080 has exceeded today's 200-day moving average of 0.069. The 200-MA can be significant for Bulletin Board stocks as well as Big Board stocks. Institutional buyers generally will not buy a Big Board stock unless it is above its 200 MA. This is not to say there is Institutional buying in CDNO, only that the stock is showing strength. The last time CDNO poked its head above its 200 MA was in April 1998 (there is one anomalous spike on the chart on 9/30/99 which I am discounting).

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