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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: David McCleary who wrote (1147)1/12/1998 10:20:00 PM
From: Freddie Forte  Read Replies (1) of 27968
 
Everyone is digging and that's great. What concerns me is Famh's technical chart. It looks pretty bad. Accumulation/Distribution and
On Balance Volume indicator are in a freefall. There is a constant selling pressure and that is coming from insiders and professional
trading. One month ago, the Acc/Dist. indicator went from -6,000,000
to -8,000,000. It now stands at -12,000,000. That's quite a bit of
professional selling. Why? Something isn't right here. Stochastics
is also giving a sell as most other indicators. Now, don't everyone
panic. These are only technical indicators and must be used with
fundamental analysis and the company's current business environment
which will give an overall snapshot of the company. With the upcoming promotion, I would think insiders would be buying preparing for the
rush. But it is not happening. Why ?
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