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Microcap & Penny Stocks : Technical Trading of Pennies

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To: paul s. who wrote (260)1/17/1999 1:24:00 AM
From: Lawrence Burg   of 478
 
Wow. Cool thread. This is me all over...
Dropped into lotsa pennies about the same time I started with Window on Wallstreet. Believe or not, went strong on CNKT because of the TA (Fundies were also pretty good).

TNRG looks real healthy. Most notably, 20expBBands, Bostian's crosssed over, CCI8 ready for a rebound, Dahl's crossed up, MACD9 moving out, price oscillators, RSI (!!!), all Stochs, TRIX, Volume oscillators, and ADs. Looks really good.

CAVEAT...this is a prototypical penny, as it was recently actually at 1 cent. Had some old freebies averaged @ about $.12. However, I grabbed 230K @ .026. TNRG is very touch & go. Fundies are unproven. A one man show out of NYC, of multiple businesses, chinese connections and as yet unseen profits, though it looks as if he may be close. Other businesses by same chief are starting to look better. check the TNRG thread.

This should be play money, duh, as are most pennies. It should also be a trade, not a marriage.
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