Technical Trading of Pennies Message Board

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Microcap & Penny Stocks : Technical Trading of Pennies

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To: Gwolf who wrote (78)	5/4/1998 4:50:00 PM
From: paul s.	of 478

Thanks for the post "gwolf": To be quite frank, I'm not very good at calling support levels...I concentrate on finding stocks near their low, or in a tight trading range (sideways), that have technical signals in place to forecast a potential move, and that are definitely oversold to minimize risk...I rely heavily on RSI/Bollinger bands and have good success using divergences...COII fit that profile back in March and again in April before the recent move... My money was taken out during the recent drop to .75 because of a stop order... The little I know of this company I like...mostly due to the hot area it is in...I feel there is a huge demand for this type of product (assuming it does the job!)... Question for you...what are the criteria you use for drawing trendlines...I was looking at that when I read your post over on the COII thread a while back... BTW...COII has one of the best threads for info on SI for any stock...although it was a bit unruly when I first bought :-) paul

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