Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Paul A who wrote (677)	10/10/1997 10:50:00 AM
From: Arthur Tang	of 1911

No market maker is pulling back. Trade is mixed, buy and sell volume balanced. No definite trend, therefore, no technical analysis based on trending possible. The support and resistance levels have been established. No breakout or breakdown. This stock is now basing. Good news of performance, did not attract new demand for stock because the market is now maintained steadily. If you look for quick profit you become a weak hand; will pull the price down some, when you give up. We hate weak hands, they are meat for the market makers (bull dogs at best). We all have low cost on this stock, and have seen the climb and what a wonderful investment AMES became, based on the solid earnings performance. Better not rush things.

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