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Strategies & Market Trends : Jimmy's Option Pit and Undervalued Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jimmy who wrote (38)	7/23/1999 2:14:00 PM
From: jimmy	Read Replies (1) \| Respond to of 47

Hi everyone, This week was very volatile especially for the large cap stocks. Alan Greenspan said on Thursday, that the FOMC might raise interest rates. If you are in penny stocks don't fret, it doesn't affect us that much. Penny stocks are in the a world of their own, and especially if your are a day trader. Pennies are an excellent place to be now. Some TA for ECNC (eConnect): ECNC: daily price forming double bottom, daily Stochastic in oversold area, daily MACD potentially bullish, weekly Stochastic rising from oversold, weekly MACD approaching 52-week low, 50-day MA approaching 200-day MA from above, weekly lower Bollinger band rising, approaching current price, volume/NVI indicate buying interest increasing, and selling decreasing -- may be ready to move upward again. comment: ECNC has done well, I didn't buy any. I have this on my radar screen now. CCGI has done very well this week gaining 20%, not bad. MVEE last week closed at .046, it's trading at .048-.05. This one has been strong since coming down from the high of .064. Still a buy. Looking for the teens. SYCR has been a disaster for me. I hope you guys were better off than me. Ruling was bad for SYCR. TRKN good turnaround story here. Pequot Capital Management bought 10% in Feburary. This firm has an excellent track record for finding turnaround plays, and achieving 200-300% gain on their investments. buy some more TRKN, it has been slowly ticking up. Went as high at .23 today. Not bad. More and more people are noticing this company. Earnings will be out soon. USTI (.07-.085) I hate the spread. No volume, no interest. But this company makes money. I would accumulate this stock. Buy 5000 - 10,000 limit at .08, which is a good price for this stock. TSIG bought 20K shares this week @ 8 cents. Strong trend. There are a lot of interest on this stock, volume in the millions, liquity is good. I really like this one. VALH has been very strong here. Bought 20K at .079, took profits at .12. 45% in two days, not bad. Strong buys: MVEE, TSIG, TRKN, Buys: USTI, CCGI Watch: VALH, ECNC jimmy