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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: RickT who wrote (27286)12/13/1998 3:17:00 PM
From: JEB  Read Replies (5) of 119973
 
This is a chart on ASTM:

bigcharts.com

Do you notice that the share price dropped in early November to its low around November 20th (or so)? That is where it has based. Each tick on the chart from then till now has had a higher low than the 20th base point (The low of each day is the lowest point on each tick). If ASTM traded lower last week than the November 20th point, then it shows no basing pattern and you look at other indicators to see when it should base.

The news has an effect on a stock. the news concerning this stocks industry keeps coming out in a steady progression. That's why I said this stock has based and is ascending. The news alone gives excellent support to this stock.

Thanks,
JEB
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