Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Hossein Jafari who wrote (615)	9/24/1997 5:12:00 AM
From: Arthur Tang	of 1911

There are no true resistance if you look at the 1 minute interval intraday chart. When it reached ask of $18, there was no activity. The market makers then move the price down. If there was resistance; that means prople will dump large amounts of stock. It did not happen, until market makers move the price down first. Since the action was lack of interest, the market was built on retrace. If people notice the rolling action; a lot of money can be made in/out. Option is not flexible because of the $2.50 spread between contracts. But many people caught the $12.5 long and the $15. Now, the $17.5 will also make money. Because AMES has a program, a business theme and is fine tuning to achieve better profitability. These are characters investors like. It is not stock picking. It is the stockholders helping management work out business problems and moving the earnings up and making AMES stock more valuable as time goes on.

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