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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K

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To: John Chapman who wrote (1400)4/30/1998 3:14:00 PM
From: jhild  Read Replies (1) of 7491
 
John, I think I remember from previous posts that you follow the intraday pretty carefully. I'm trying to understand what todays chart is saying.

tscn.com

I notice that when the stock trades it looks like it dips down to the bidders. Then as soon as a transaction clears it looks to me like the price pops up higher sometimes than the ask. Like the transactions at 2:40 where it dropped to .36 for the trade and then on what looks like no volume jumps back to .40 even when the ask is just .39. Is that the kind of action you are seeing on your screen?

From a technical pov it looks to me like there is probably some support at around .30 and stronger support under .20. Is that just about how you see it?

tscn.com
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