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Microcap & Penny Stocks : INNOVO (INNO) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Scott who wrote (4133)	9/2/1999 10:04:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 4179

First off, apology to Joseph, my own comments may have come across a little too harshly. My perspective is often based on trading numbers and statistics, which is a view others don't often see. I find TA also frequently points out significant turnarounds. Hearing traditional woes about a company gets frustrating. Also, despite exhaustive DD on microcaps, which remain my favorite, I've been burned on too many myself. I won?t bore you guys w/the list :o) I do sympathize. I'm currently at a point where I won't allow myself to get married to a stock, unless of course it's a gorilla, like Cisco, Intel, Home Depot, etc. I've boiled my strategy down to this. Either money is coming in to the stock'or it's not; I try not to get involved with the latter. That's not to say my trades don't have to meet other requirements; decent fundies, low float, a good story, insider optimism, etc, buuuut, mainly I?m trying to make money at this. I've developed a TA screen that allows me to get a good bead on the momentum of a stock. Last week, INNO was bright green, a no-brainer. While the charts are pretty elevated, it's still running strong, as the trade logs also show. So I'm still holding. I actually pulled a limit GTC order at 3 1/16 yesterday in the face of the early buying, breaking one of my rules. I'll reset it today, and try once again not to be such a greedy bastard :o) Ideally, I could?ve scooped ¬ point each of the last few days, but greed kept me from missing the "home run":o) My impression is that someone is accumulating; the higher daily lows and highs are a hint. I'll likely just hold until the action breaks back downward, or they actually admit something that justifies the appreciation.