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Microcap & Penny Stocks : MSEL
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To: Arthur Tang who wrote (1147)11/8/2000 12:47:50 PM
From: Arthur Tang  Read Replies (1) of 1200
 
Technical analysis shows double bottom and double top with an unusual peak subjected by 140,000 share volume day. What does all that mean?

Simply put, it is building a base. Market makers while not putting anything into their inventory; they are not allowing overbought either. It is a wait and see attitude that is waiting for some good news.

This may come to pass that market makers will be caught napping. A slight delay of one day before offers will be caught up with demand. Fundamentally, cash and financial planning is coming along. Value America purchase may be hung up by the bankruptcy court, unless the DIP becomes urgent. Good news may never come.

So, it is still patience rule the day.
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