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Strategies & Market Trends : Technical Analysis - Beginners
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To: Ronald P. Margraf Sr. who wrote (11875)4/27/2001 6:01:52 AM
From: peter n matzke   of 12039
 
Ron,
Re ECNC

"Econnect had a negative net worth of $14.5 million on Dec. 31, 2000. Its outside
auditor, L.L. Bradford & Company LLC of Las Vegas, warned there is
``substantial doubt'' about the company's ability to continue as a going concern. "

That kind of says it all, don't you think.
I certainly don't invest funds in companies that have substantial doubt about their ability to
to remain in business.

I tried to do some TA on FONX,
my data provider shows it as delisted over a year ago.
So i couldn't do any analysis of the stock.

In regards to the discussions that you have had in the past with Brooke, Michael and others on the thread.
IMO there is no comparison of risk in BB stocks vs any normal stocks.

The first big problem that you seem unwilling to accept is the inherent larger spreads of BB stocks.
If you do any and i mean that literally ANY analysis of BB stocks, you will see that the bid ask spreads are
considerably larger for BB stocks than for normal stocks. This means that to achieve a profit the stock must go up a larger percentage just to get to the black.

I do agree to some degree that TA is possible on BB stocks, but due to problems in float, trade volume,
bid ask spread issues, and trade costs associated with BB stocks; I would not recommend them for
novice investors.

best wishes
peter
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