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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (7507)	8/4/1999 9:27:00 PM
From: Joseph Hertel	Respond to of 8189

I know technical analysis does not always pertain to BB stocks, but here is a little tid bit of info. Referencing the yearly chart that SSA was so kind to provide a link to, I come up with the following conclusions: 1) A support level of just under $2 a share was established in mid- May. From there a nice run close to the 52 week high of $3 3/8 was initiated. 2) From that up spike, we dropped below the $2 support level set in mid-May and established a new support level in late July at $1 5/8 (I believe that was the low we hit). 3) Since we broke through the support level of just under $2 set in mid-May, this level is now considered a resistance level. (if you are long of course) 4) We broke through the $2 resistance level late last week making our new resistance level around $2 3/4 and then the 52 week high being the next resistance level. I didn't mean to bore everybody, but every once in a while a little TA is good (technical analysis...not the other T&A...but that is good too. Sorry, I couldn't resist.) Conclusion: With a little up volume, we should see and hopefully break the resistance level of $2 3/4 and then the 52 week high level of $3 3/8 and who knows where from there. If everything that Microphonics has recently proclaimed falls in place, we should be destroying the 52 week high set in April (no hype, just my humble TA opinion). The release of positive financials and new sales contracts are going to be the lever that might send this stock into orbit. (P.S If you want to verify my analysis, it is easiest if you print off a 52 week chart and get out your favorith red pen) So lets go Microphonics and make us share holders very happy. Joe