Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

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To: WallStBum who wrote (5533)	12/15/1997 9:06:00 AM
From: SE	Read Replies (1) of 10368

And interestingly enough, I disagree with him about TA being of no value on stocks under $10. BNGO's chart gave at least three TA sell signals before the crash. I recongized one of them prior to the crash and by doing some study after the crash I found two others. I am following the TA on BNGO as best I can right now and there is a bullish divergence forming here at the "bottom." I wrote to a TA expert whom I respect and he stated that the bottom probably is not in yet as there has not been blow-off activity nor has there been a reversal day on high volume. I am carefully watching for both. I hope that it happens prior to the bullish divergence disappearing! :) In any event, we are probably poised for a short term bounce to 6.25. If this happens after or during the bottom activity I described above, we will go higher. If it happens before, there is still work to do to the downside. In any event, maybe TA works on stocks under $10, maybe it doesn't. This is not the place to debate that. However, I know that I will not be ignoring the TA signs from this point forward because it is simply one more tool to use in analyzing this stock. The fundamentals look great, now I hope the TA looks great. Incidentally, I wish this would get over so we can move on. I would like to see us drop to 5 1/4 TODAY and then reverse on high volume so we can move upward. Come on baby, go down! (I never thought I would say that!) <<gg>> GO PACK GO! -Scott

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