POPM - POPMAIL.COM Message Board

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Microcap & Penny Stocks : POPM - POPMAIL.COM

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To: CIMA who wrote (46)	8/11/2000 5:31:16 PM
From: Golf Pro6	Read Replies (1) of 81

I'm a long-time chartist also CIMA, lately I've been using Moving Averages to determine buy and sell points. Moving Average Convergence/Divergence (MACD) has proven to be not only a very strong indicator, but an early one as well. By the time my 10 and 20 period averages have crossed, MACD has already gone positive. The POPM chart definitely indicates that MACD is about to go positive, this will be the first sign that Popmail is beginning a bull run IMO. The stock has been languishing in a consolidation phase for a long time now, the important thing in following such a trend is that you must be ready to buy when the first positive indications emerge. Often the move out of such a pattern is very sudden and dramatic - BI Inc. (BIAC) was up over 70% today on a takeover after giving a buy signal just yesterday. I look for a similar scenario with Popmail, they are a buyout candidate IMO, hopefully there will also be an early buy signal from the chart.

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