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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: cincyal who wrote (28384)	2/17/2000 8:36:00 AM
From: Tom Allinder	Read Replies (1) \| Respond to of 150070

After a major increase in price, the stock will almost always go back to a previous resistance level. Meaning: What was resistance is now a support level. VHSN in this case is back near this level. Good question... all to often I am asked hundreds of times a day "whats wrong with this stock? How cum it ain't goin up?" Too many people do not realize how stocks move. I know I can ride a big run and sell half my shares or more and be able to buy them all back at the previous resistance level (or where the breakout occurred). You will seldom lose money using this strategy. Rigid discipline in trading is the key to making money in this market. If the stock doesn't come back to that previous level, I don't worry about it and ride the run with the "free shares". I do not chase hot stocks... I wait for them to come back to me. :) Tom