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Microcap & Penny Stocks : lcav
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To: Harry W. Lowe who wrote (574)11/23/1998 8:32:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
this rise seems to have been preempted by a skyrocketing OBV during the last 2 weeks of OCT and 1st week of november. Those accumulators, one of which is myself, seem to have finally awakened this sleeping dog, hopefully not to be bitten.

but after simultaneous breaking of the 10,20,50 expo MAi would expect the 100 day to be tested at 1.94 with 1.25 as good support. then again i did expect 6890 for the dow.

Here we have seen only 6--SIX down day volumes since mid OCT and all were under 200,000 shares.

Here we have seen what maybe the largest Bear trap in the history of the market, but it is where real understanding of money making can be seen also.

Even after rising greater than 4 fold from even less than a 1$ we gave back nearly 75%. Most larger accumulations in the upper base range were at 3-3.25. those still holding only need to duplicate their purchase to break even at 2$ where we may see a pull back from.

the real point is that it is better to be right on the Bull side vs. shorting for profit on the Bear side where 30-60% is usually all that can be expected. It does not hurt to call the company once in a while to talk to the owners for some reassurance.

my intentions have not changed for this issue * trade to increase long term holdings until positive earnings are outrun by the stock price.

good luck to all

ar.
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