The Henley Group, Inc. (HNLY) undervalued growth company Message Board

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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company

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To: ChrisJP who wrote (659)	3/3/1998 7:19:00 PM
From: Steve	Read Replies (2) of 2232

Market Recap on HNLY Only about 1.8 million shares traded today. Volume distributed around the open and close with little trading between 10 and 3. Lows hit on low volume day, bullish indicator. Strength shown at close. Investors holding and accumulating. Daytraders gone Friday and yesterday. Newbies fleeing today, poor bastards, investors standing their ground. Bullish for the open tomorrow but don't expect a big % day just a slow steady rise to first resistance at 50 cents. 5/8ths is next resistance but don't expect that until the next release but we could have a couple of strong momentum days leading up to the next release. But mainly just stay calm, this one is headed to higher highs, just let it build support, one stair at a time. We've had an 80% retracement to here from the break-out. It looks like 40 cents is strong support now 25% above its break out point of around 32 cents. Go HNLY!!

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