Arconenergy, Inc. (Long Term Investors and Fundamentals) Message Board

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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)

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To: REM who wrote (242)	2/21/1998 4:58:00 PM
From: Ga Bard	Read Replies (1) of 1757

Bob ... I do not think TA can be applied here to be honest with you ... The reason is because there is not very much selling and a lot more buying. Typically equal buying and selling is what a TA looks at. It takes into account momentum trading and is based on volume and turn over of stock verus the free trading float. Maybe as this one grows TA will come into effect but even the MIDLP leaps dollars at a time so the TA does not matter on that stock either. Also TA watchers are momentum traders basically who watch for a break out. I just hope we have minimal traders in this one and more investors. Happy Trading

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