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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS) -- Ignore unavailable to you. Want to Upgrade?

To: Jacalyn Deaner who wrote (1060)	7/24/1999 2:51:00 PM
From: Jacalyn Deaner	Read Replies (1) \| Respond to of 2118

Technical observation by poster on RB: Real Time Quote Chart Free E-Mail Raging GAAY Links < Previous Respond Next > By: fileman Reply To: None Saturday, 24 Jul 1999 at 2:38 PM EDT Post # of 13644 dear board.. I am known as "fileman".... I follow the otcbb sector regularly and monitor closely for "unique" opportunities.....I consume as much information and data as is available before opting to invest...and rely heavily on technical analysis to identify trends and trading entry/exit strategies. I came upon this company by way of another investor with whom I correspond in an effort to identify such opportunities. First, let me say that I have been following this board religiously. I find the commentary both informative and creative.....what attracted me to the stock, beyond the obvious potential at play, was the technical charting of the unfolding events...Of the numerous otcbb's I track, "gaay" has demonstrated a most unusual and unique charting scenario for a stock in this sector..perhaps the "most" promising from a ta perspective...in effect mirroring the movement of some of the better known entities tracked on the nationals. to put things in perspective here is the broad overview... ...the stock began its uptrend approx. mid april 1999 when in the $.05 range...volume began to pick up regularly and the 13day ema moved above the 50 day ema for the first time in its recent history...supported by multiple technical confirmations (had I known about "gaay" at that time I would have put in a sizeable position) ..price ascent continued into the trend...with tight incremental gains, rarely falling below the 13 day ema (extremely bullish..and not common in this sector)....an overwhelming volume surge in late May pushed the gap up...followed by the expected fade (daytraders and shorts(if any)) thus establishing a new and higher 13 day ema in the $.08 range...with continued support (both mac-d and histogram)...the price continued its climb, as volume increased and the 13 and 50 day ema began to separate (very bullish and huge support for further price appreciation)..driving the price into the $.25 range (this is when I first became aware of the company)...the trend retraced somewhat last week..as the price fell between the emas to the $.19 range and stochastics moved to the oversold region (ideal short term entry point...and where I built a position )...under the pressure of huge investor optimism,,the retracement quickly reversed and the beautiful charting scenario resumed showing measurable incremental gains tracing high above its moving average....it now sits in the $.30 range in stochastics overbought....with most if not all of the daytraders out....barring unforseen events...looking for an extended stay in overbought regions into continued price ascent and possible further short term gap-ups.....truly the most beautiful charts I have seen in a while for a bb. just thought some technical insight would be useful for the board....cannot contibute regularly...as I am engaged fully on other boards...and you people seem to have things well under control....will continue to monitor and post if there is any significant changes on the technical fronts.....gotta love the energy on this board.... BoardMark MemberMark Ignore Poster Report TOS Violation GAAY Update Last 5/16 Chg. + 1/64 % +3.39% Time 16:00 Detailed \| Real-Time Nasdaq delayed 15 minutes, 20 min. otherwise. Your $0.02 Wanted! Why just lurk? Get in the ring. Click Here Previou