Charts for Bottom Breakout Message Board

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Strategies & Market Trends : Charts for Bottom Breakout

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To: Mike McFarland who wrote (1588)	3/18/1998 7:19:00 PM
From: Ed Huang	Read Replies (2) of 3105

Mike, After MINE broke the 10 cents resistance, it has been moving well. I would hold it at this stage. There are some resistance at around 16 - 17 cent level, but if the stock can move with the current volume level, it can absorb those overhaed supply without too much problem. Some investors would sell 1/2 of the position when the penny stock price doubles. They can lock in the profit and let the rest to ride. But some of them may feel sorry if the price continues to move ahead substantially after they give up half of the position.... I hope this can help. Good luck.

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