Stocks with 'Dead Cat Bounce' potential Message Board

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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential

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To: ~digs who wrote (7)	8/5/2001 9:03:57 PM
From: ~digs	Read Replies (1) of 130

ANCC daily: stockcharts.com[h,a]dhclyimy[pc40!c200!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14] A penny stock... chart says a bounce is coming.... IMO. ADX above 50, stochastics are heavily oversold. Recent hammer candlestick? Think MFNX... a risky trade no doubt, but if you can time it correctly there's big money to be made. Plenty of liquidity on this one. May be seeing capitulatory volume down here. Enter below 25 cents, mental stop in the high teens. Target would be the recent breakdown point near 50 cents for a double.

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