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Microcap & Penny Stocks : Itronics (ITRO) - Fertilizer growth story -- Ignore unavailable to you. Want to Upgrade?

To: Raye Derickson who wrote (2110)	3/12/2002 11:35:27 PM
From: HRDonica	Respond to of 2126

Raye, I don't think that TA has much to do with the move up in price (and volume). This is one of the very few companies that you'll ever see that successfully transitions from R & D to commercialization of its products. That's a REAL big factor if you consider all of the other "idea" stocks that have come and gone while this company worked steadily to build its product line and work towards market acceptance. A lot of people have been watching this company, some of them industry insiders, for quite a while. Just maybe some people who really do know about the industry know believe that this company has what it takes to experience exponential growth. I'm not gonna call it "smart money" but it's pretty clear to me that some knowledgeable investors have taken notice. While it may be a while before we see profits, but for now, top line sales growth is going to attract a lot of attention. Herb

To: Raye Derickson who wrote (2110)	3/13/2002 4:40:43 AM
From: KipferlMeister	Read Replies (1) \| Respond to of 2126

Raye, The stock is at a critical level. 0.53 was support in July and August of 2000, and resistance in October, November of the same. It was also the point of an extended consolidation back in the fall of '99 which resolved itself in a move to 0.85. 0.85 was also strong resistance back at the beginning of August, 2000, so that would be the target IF we get past 0.53. Also, if you look back to Feb 2 on a weekly chart, you'll see the stock started to put in a series of high-volume expansion bars alternating with lower volume consolidation bars. The third expansion bar has started this week. Assuming "three drives to a top", and that this move will culminate in a high-volume blow-off on the largest expansion bar yet, 0.53 should be toast shortly. One thing's for sure, the stock's a hell of a lot more fun these days. The old adage says a parabolic move & collapse ruins a market for a minimum of two years. Sure enough, almost to the day, the giggles are back.