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Pastimes : JAVC - Java Centrale

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To: LarryG who wrote (207)10/4/1997 9:59:00 PM
From: James Strauss   of 279
 
Upward Bias...

>>>If the charts are showing a break out, do you think the rise to 1+ will be short lived with profit taking from those getting in at 1/2 to 5/8? I have been in this stock for a while and the majority of stockholders are in at $3.00 to $8.00 - Does your technical analysis indicate the strength needed to reach these levels???? I do not believe that those in at $3.00 to $8.00 will be the ones selling at $1.00 - $1.50 !!!<<<
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Larry:

There will be some profit taking... But, there should also be some buying, as those people who won't buy below 1.00, will buy above it....

Good observation about the people that own JAVC at much higher prices... They definitely won't be selling at the 1.00 crossover...

As for strength... So far, the chart pattern says we do have the strength to go higher.... A little dose of good news would help the stock price along...

Jim
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