SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Steve Brandt who wrote (6756)	11/10/1996 1:41:00 AM
From: Dave Wax	of 13351

Although many people feel Technical Analysis is not valid with low priced stocks, I seem to disagree. I think it is very valid no matter what price it trades. Since late May, I would say technically, there were no more than maybe 4-5 days SEXI showed any promise. Aside from that, it was sending us a message that something was very wrong. The John Hopkins deal, I couldn't believe my eyes how low volume and little rally during that week. Even during the days of sharing the Sprint/SEXI booth, SEXI's chart showed absolutely nothing. Overall, with all the hype and talk about possible deals, if any of it were true, SEXI would be trading sideways until contracts were announced. It definitely should not have been trading lower almost every day. The only reason it did is because there were many illegal outstanding shares we were not aware of and insiders were selling them day in and day out. We were walked all over. I had total denial throughout and ignored the chart completely. Never again.......Dave...

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