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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (25720)	7/28/2001 8:48:32 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Joe JPNR: stockcharts.com[l,a]daolyimy[dd][pb50!b200!d20!c10][vc60][iUb14!La12,26,9!Lp14,3,3!Lc20] There are three things that can happen with JPNR Joe. #1 The stock rises to the 50dMA overhead (riding the uptrend of the 10dMA). #2 It could stop short of the 50dMA at about 30 where there is some horizontal resistance. #3 it breaks over the 50dMA to fill the gap overhead. I think #2 is the most likely in the very short term. I'd wait till then to write the calls on the stock. On the small volume stocks. I thought the same thing until Sergio proved me wrong 3 different times. ABLE was the last one that I got into and doubled my money in 4 trading days. Doc. Brogan proved the point too with NANX, when it was at 2 and trading 5k shares per day. The stock went to 25 in about 60 days. Volume is a percent of float Joe. DWYR's float is 1.7 million. By latest reported holdings there is only about 2 to 300k of those left not in institutional hands. Thus the stock will move violently to the upside on any buying at all as shown by the move of last week. The downside, of course is that the move down on any selling will be just as violent, but what stock does not go down much faster than it goes up? Looking at the long historical charts of the stock shows that 2.50 is very seldom violated to the downside. Ken