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Strategies & Market Trends : Multi-Day Momos -- Ignore unavailable to you. Want to Upgrade?


To: Lawrence Burg who wrote (264)8/19/1999 12:08:00 PM
From: Lawrence Burg  Respond to of 397
 
CCEL as a paper trade after Friday was perfect, breaking thruogh $5 in 3 days. It's now dropping on minor volumes. I figgered the bottom might be $4.25 or so. Now 4 7/16, w/a low of...hey! 4 1/4...;o)

Let the volume go dry for another day or two to see how the technicals do; watch the DMIs, ACC/DISTs, MACD, etc for bounces. Also pay close attention to the volume & 5-day for a trend break back to the upside. This fits the profile for a second pop...good for 25%...



To: Lawrence Burg who wrote (264)8/19/1999 2:04:00 PM
From: john b  Read Replies (1) | Respond to of 397
 
Larry

BCSC freeze seemed to have stopped the dilution for the time being and the threads are full of rumors and more rumors giving the penny players orgasmic pleasure as they board this ship. Lot's of new names with stories and more stories complete with un-named sources, Japan, big buys, Rene leaving, deals, financing, more deals, you know the drill.

Woulda been nice to jump onboard @.06 and enjoy the current ride but one needs to be nimble, ready to bail if this is another pump in the rump...............we been there before so many times.

Love those "oils"!!

Only read a little, you here alone?

Regards