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Microcap & Penny Stocks : RNTK and FAMH, both companies lost the war!

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To: Jonathan Lebed who wrote (68)2/24/1998 7:02:00 PM
From: Jonathan Lebed   of 110
 
Resistance for Tomorrow...

FAMH
Current Price-$0.27
Minor Downward Resistance-$0.27
Major Downward Resistance-$0.26
Minor Upward Resistance-$0.30
Major Upward Resistance-$0.33
Base-$0.27
Volume-920K...high
Rating-Strong Buy

RNTK
Current Price-$1 5/32
Minor Downward Resistance-$1 1/8
Major Downward Resistance-$1 1/16
Minor Upward Resistance-$1 1/4
Major Upward Resistance-$1 3/8
Base-$1 1/8
Volume-320K...average
Rating-Hold

This is the first time I ever saw FAMH with a strong buy. If I am reading it correctly...it has formed a base at $0.27 and should finally hit $0.30 tomorrow. Remember...2/3 of the trades today were buys.

As for RNTK..judging that the major down trend is so close the minor...I do not expect RNTK to go under 1 1/8. But since it has a hold rating..I will be putting in a stop loss at $1 1/16. If I see it over $1 3/8 sometime this week..I will get rid of the stop and buy more shares on dips.

Jon
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