MSU CORP-----MUCP Message Board

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Microcap & Penny Stocks : MSU CORP-----MUCP

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To: Tom Basile who wrote (435)	6/5/1997 10:35:00 PM
From: TATRADER	of 6180

Hi Tom, I entered this stock today at 2.75.....We have an expansion breakout...What that means is that the stock is approaching a two month high...The range of High -Lows is the highest it has been in the last 10 trading sessions..It was 63 cents today....Now to determine whether this is a real breakout or false breakout....The stock will have to hit 3.18 tomorrow to make me a breakout believer....It will have to do that on more than 100,000 shares traded.........Once we clear 3.00-3.06 our next resistance point will be in the 3.37-3.50 area where I peg 1.1 million shares...After we clear 3.50, the stock will move quickly to the upside...However, I have seen too many false breakouts in my day....What will probably happen is the stock will approach 3.00 again and be repelled....We won't have a lot of volume...Then we will touch support at the 2.37-2.43 area, before settling in the 2.66 area at the close....Since I have a position at 2.75, I don't really relish this second scenario, but my oscillators presently have a slight bearish divergence, which makes me think scenario 2 is more likely....I am still short-term bullish on this stock(3 month time frame)....Regards, Mark

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