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Microcap & Penny Stocks : Trading 101

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To: Ga Bard who wrote (11)	3/9/1998 1:13:00 PM
From: Rashid Garuba	of 406

GaBard, I'm barely a pro and will like to learn more about reading trading logs from you - for example, when the thing is trading like crazy but no movement, like that staffing co.. Here's a little bit I thought up. On charting: BB's are harder than larger caps to predict. Not impossible though. Basically charting is crowd analysis, therefore the larger the crowd, the better TA works. The trick is to find good BB companies that have charts that respond reliably to certain indicators. I've found stochastic oscillators work frequently. At the very least they lessen the risk at entry. The primary objective as a beginner is to avoid loss,especially in BB's. If one is learning tennis, control must come before power. SETO is an example of a nice oscillating chart (I don't own it). BAAT and NETZ type charts rarely recover from climaxes like their charts show. Many say charting is not science. I feel a beginner should treat it like a science for momentum trading..i.e when the chart says it's over, it's over!!. This keeps out the human element. Will be around. Rashid

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