1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: myelin2 who wrote (1037)	8/20/1998 9:44:00 AM
From: Stephen Goldfarb	Read Replies (1) of 5541

Manfred: Agreed. It implies that most of those who purchased shares during the accumulation phase and the run up in price are still holding their shares in anticipation of a subsequent price rise. Since the peaks in price and on-balance volume (OBV) there was a low in OBV in early July and a lower low in August. The downward slope is gradual. It suggests light liquidation. The essential divergence (lower price level, higher OBV) remains. One could conclude that those who continue to hold remain somewhere between "bullish" and indifferent. Steve

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