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Microcap & Penny Stocks : Looking for a Bounce -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ who wrote (1524)	7/5/2000 10:39:31 PM
From: ChrisJP	Read Replies (1) \| Respond to of 1734

Hi Susie, I really don't know what to say about FONX. It seems like it has a really good story. But I would have to look at some 10Qs or something to understand it better. I can tell you that according to the chart it is nearing oversold, but not there yet. The fact that it hovered around 1 1/4 for a month and then chose to head down is not a good sign IMO. FONX tend to be news driven so a good PR can change all that. I'm wary of holding any stock like it during earnings season though. It's important to remember that as of 3/31, FONX had practically no revenues and recorded a loss of $8M. The markets a very earnings sensitive right now. MSTR -- looks like 20 is not out of the question. lol HIVC -- still in a downtrend. I got the feeling it made a great move coincident with the news releases in early June. Based on when it made its biggest move, the financing announcement doesn't appear to have been a well kept secret. So I think you job before buying is to find out their next poorly kept secret. UTSI has made a nice run over the past 2 weeks and the chart says it is nearing overbought and heading down. But it definitely looks like a good one. Maybe it is another good candidate to buy when the NASDAQ is rallying. COVD -- well the chart "says" that its made a nice move off of oversold three days running now. And almost touching its 20 day moving average line. Tough to say what it'll do for the next day or so, but basically it appears to be in the early stages of a rebound. NUAN -- do something to keep me from slitting my wrists. :-) Chris