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Strategies & Market Trends : 50% Gains Investing

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To: JJMM who wrote (974)	5/30/1998 5:05:00 AM
From: Dale Baker	Read Replies (1) of 118717

MEME - I was a real skeptic about this one in February: Message 3398983. Still think I was right then, but times change. I kept watching after the pump and dump and started to like what I saw in the chart. Not pump and dump action predominantly, but a steady pattern of higher highs and higher lows, plus some real deals for their system (which I don't claim to understand in detail). I liked the chart enough to nibble when it last hit 2. I debated my wisdom when it sank back to 1 3/8 but held as a purely speculative play. The loss wasn't big enough to worry about, downside was limited at that point based on the chart and I was just curious enough to see what would happen. MEME has moved up slowly but surely since that last bottom. It is now close to a critical point, which is breaking and closing over 2 on steady - not pump and dump - volume. This is a high risk play. I don't know if it will move to $3 or $4 quickly or slowly or never. But I bring it to the thread's attention for further consideration. The float is very small; I don't know how they are managing with no money in the bank, but their latest deals may be providing some cash flow. In the strange world of penny stocks, it's weird that MEME is moving up while VCR - with proven earnings and products - slipped and hit my stop. Based on the chart, I will certainly stay in for a while. Anyone else have an opinion?

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