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Microcap & Penny Stocks : Hearx(EAR)

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To: Harold Feller who wrote (131)6/10/1997 4:43:00 PM
From: Jim Goodman   of 383
 
thanks...you hit on one of my favorite "PSYCLE sm" lessons....I did the decades-past research, and found that "insiders" are absolutely NO better than just-below-average, as stock-price-predictors, especially at tops and bottoms.... which makes sense, since intelligence and money have been mostly mutually exclusive in this world, forever, but I digress....

anyway, these insiders also sold EAR below 2., before it doubled the last time as well...but I do appreciate your cogent comment... again,
I employ only certain inputs, and understand how to cut small losses, and never become attached to any position, so to me, EAR is just another in a long line of mostly-very-successful stocks I have predicted for years past now....and it is only one of many I follow now, so, even if it does not work, my people's losses will likely be small, and hopefully more than compensated for, with many others which do work as expectedby my PSYCLE sm"....so, I guess, I am just not concerned either way, since these chart formations do work a lot more often than not, over time...if not, we take a likely very small loss, and move on....

but, of course, they also sold EAR around $ 7. as well...(see ? this is why I rarely employ "insider" activity anyway) but, below 2., to, me, it's a different situation technically....again, I am only expecting a pop, first, to it's 200 DMA around $ 2 1/2, then possibly, towards resistance around $ 3. on an "overshoot"again ?

but I am in it, here, anew, with a stop....we both certainly understand the risk here...this is not a blue chip...best wishes,
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