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Microcap & Penny Stocks : Looking for a Bounce

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To: SusieQ who wrote (1461)6/22/2000 6:41:00 AM
From: ChrisJP  Read Replies (1) of 1734
 
Good morning Susie,

As you can see, I'm up early this morning. Should I pack my laptop ?

VCSY -- Definitely a stock on my "love to hate" list. <g> Glad you made money on it.

PILT -- I literally had just logged in when I saw it jump from 11 1/2 to 12 1/2. I think I waited a grand total of 30 seconds before buying and posting (on the Golden List thread). And no, I did not buy "for fun". Not when it looks like institutions are loading up. Do I hold or do I sell ? Decisions, decisions, lol.

ANTM -- As you can imagine, I'm always cautious about stocks that go from under .10 to $5 and then fall 80% -- all in 3 months. By the way, TALL and TEXN fit that description. The chart says it's in a mild uptrend, and the recent news release about the Erricsson director sounds great. From the chart, it looks like $1.50 will be tough to crack. As you can see, there was no follow through on the 2 big volume/price spikes related to their May 8th and June 6th news releases. Looks like there is good support in the .80 range, so downside risk is fairly low (if you consider a 25% loss "low").

bigcharts.com

Hope that helps,
Chris
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