Technical Trading of Pennies Message Board

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Microcap & Penny Stocks : Technical Trading of Pennies

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To: paul s. who wrote (52)	4/15/1998 5:44:00 PM
From: Raven	Read Replies (1) of 478

Trading mining pennies. I did a Ken Roberts futures course some time ago, which is delivered in the "profits beyond your wildest dreams" format. Anyway, I grew impatient waiting for one of his methods to actually produce results, so I tried it on penny miners. Find a 12-mth low occuring. Watch the price climb slightly from the low, then drop again not quite reaching that 12-mth low. If it starts climbing again,past the previous little spike, buy at that point and get out just before the price that is 50% of the last major move. It seems simplistic, but I've had some papertrading success with it. Problem is, you have to watch it like a hawk. Can you elaborate on your methods? Happy Mining, Raven.

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