ccam Message Board - Msg: 16102559

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Microcap & Penny Stocks : ccam

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To: Crossy who wrote (13)	7/19/2001 6:58:14 PM
From: Crossy	Read Replies (1) of 85

Another strong day for CCA Industries (OTC/BB: CCAM). Stock ran into new high ground today (up to $1.90) and moved past the spike from earnings day ($1.70). It closed at $1.78 (last transaction supposedly was a sell since bid x ask spread was 1.78 x 1.84) Candlestick charting shows a nice upward pointing GAP from earnings day. This uptrend is even gaining momentum. The chart pattern is called a "gappin play" and it's a continuation pattern, pointing to higher highs ahead. We are also around a 52 week new high level (and I think also on a 2 year new high level). We are not so far away anymore from the $3 mark, where we should meet the AMEX listing criteria (I heard from Mr. Berman CCAM is considering a move either to AMEX ($3 minimum) or NasdaqNM ($5 minimum) As Kahlua pointed out the $2 level might pose a tad of a resistance but after this stellar quarter, uncovering the true earnings potential of CCAM in a favourable environment, I do no longer think that the $2 barrier should be a tough one to overcome.. The high-hanging fruit (intrinsic value of CCAM) are by far the sweetest thing here: a possible take-out value of $12-17 is luring if you forget shortterm trading urges for a moment. best wishes CROSSY

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