Earthworks EWK (VSE) Message Board

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Microcap & Penny Stocks : Earthworks EWK (VSE)

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To: Bron-y-aur who wrote (17)	4/3/1998 4:48:00 PM
From: High Grader	Read Replies (1) of 120

Likewise Samg. I have been picking up this puppy for some time... I don't think that E V E N T U A L L Y it will fly high and that it is a bargain right now. A thought. . Since the total number of shares is relatively small at 6.4 million and so much is held very tightly... when it takes off (soon we hope) there won't be a lot for sale, so it should accelerate very fast. If you have a chart, join the bottoms from the low at .33 way back in '93 and then the tops and you will see a big triangle. ( My data only goes back to 1993 but a longer term chart shows the triangle being even bigger, with this only being the pointy end from 1993 on.) The upper line of the triangle should be hit around the 1.70 to 1.80 area, then if it breaks out the triangle rule would add the height of the triangle, 2.84 -.33 = 2.51 to the top of the triangle at 2.84. This would see a run up to $5.35. Actually the full triangle height is bigger. This is just a thought for the techies out there, who like to look at waves and patterns and chicken-innards and all of those other things that attempt to predict the future....not meant to be a recommendation of any sort.

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