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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Feb 5 4:00 PM EST
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To: Randy Giese who wrote (765)1/7/1997 8:47:00 AM
From: TATRADER   of 13091
 
Randy, I may still be a bit early, but I bought yesterday at 1.62.....
As everyone knows the apex of the descending triangle was at 1.50....
At this level the stock was crying, "Show me the direction I should go?" Yesterday, the message was given...."I want to go up!" The volume was not yet what I would like to see(over 100 thousand), but the stocks determination to hold above 1.50 was positive....My Bollinger bands are very tight...They sit at 17 cents and 34 cents, the tightest they have been been in the last 6 months...That tells me,
a breakout is coming...(to the upside or downside) Now I have thrown
my bet to the upside....The next key price point to watch is 1.69....This is what we call a Trend channel crossover point....What
that means is that if this stock is in a genuine uptrend it will stay above 1.69 at the close.....My MACD indicator is still negative at -0.16 and -0.19, but its getting closer to giving an all out buy recommendation......Remember all bets are off if this mini-plant is not in operation by the end of January.....My bet is that it is going to be up and running....Let the uptrend begin....The mini-mac of oil is about to take its place in history...Good luck to all....I am now very Long....Regards, Mark
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