1 jewel on the otcbb = MYCO Message Board

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Microcap & Penny Stocks : 1 jewel on the otcbb = MYCO

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To: LORD ERNIE who wrote (55)	3/1/2001 2:13:39 AM
From: Ronald P. Margraf Sr.	Read Replies (4) of 224

Ok Ernie, Here is the way it looks to me. Of course you will have to decide where you think it is going. I can only give you what I got. Vol. down [price down] - not necessarily bad. Could be just a little profit taking. Moving average up - thats good Macd weakening - down. Crossed over. ADX/ADXR - the directionals indicate that the selling has leveled off. That's good. Stochastics - Still in steep decline. Tells me that the price level is weak. Could go down over the next several days. MFI - Money is coming in. That is good. So to sum it up, the stock has to hold the level that it is now. Closed today @ 375. If it breaks the 35 on the close you could see 325 an if it breaks that, then there is little resistence until it hits 275 an I think you could see that by the middle of next week unless they really come out with some really good news. I went through their news releases at their web site an they really have got to put out a good SEC filing that shows them increasing their bottom line. They need to reduce that 287,000 loss in a big way or this will be back at 12 in short order. Now understand, TIJMO based on the program. Now what I will tell you is that I couldn't get the intra-day chart for today an that is important to determine what will happen tomorrow. Now I did go to the big board. There is some major support as of today @ 25 but that can change in a hart beat. But the big board is inconclusive. It's not showing the bid an ask for the close of today or for tomorrow so you will have to wait until 9:00 this morning to see what it will be. So Ernie, I hope this helps. I know this isn't what you want to hear but that is the beauty of the T/As. They don't care. They just do their thing an one has to decide the rest. Current events will control what happens with this one.;-))))) Later, Ron

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