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

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To: bottomfish who wrote (1225)9/17/1998 7:50:00 PM
From: Stephen Goldfarb  Read Replies (1) of 5541
 
One of the issues of concern is that the price broke below the consolidation area of the previous weeks. Looking at a weekly chart, the previous two weeks were "inside" weeks. The last week had the more restricted range. Price moved below this area decisively. It recovered back into the range, probably on the news release. I am not making a prediction. I do think the move downward out of consolidation is worrisome. There is no technical chart support below this area. The price made a new all time low (two previous low price excursions were reported to be errors).

Steve
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