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Strategies & Market Trends : Technical Analysis - Beginners

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To: Daniel Miller who wrote (8441)	7/14/1998 9:54:00 PM
From: TechTrader42	Read Replies (1) of 12039

There certainly is a lively discussion going on in the MPTV thread. I can see why you might find technical analysis a little dry. The news from the Provocateur that there would be no reverse split certainly seems encouraging. I'd hate to wind up with only half as many shares, even at the new high price of 0.05 cents a share. On the other hand, the stock might attract more institutional investors at 5 cents a share. Does Fidelity have a Nickel and Dime Fund? I'm not sure. Whatever the stock's price, the $114,400,000 in revenues from the property that the Provocateur is anticipating are an indication that the stock has nowhere to go but up. (Well, I suppose any 2-cent stock has nowhere to go but up, in a way, but that's another matter.) Yes, technical analysis certainly does have its limitations. I feel a little embarrassed to confess this, but MPTV didn't even show up on my scans. Brooke

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