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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Patentlawmeister who wrote (12195)9/8/2005 8:48:12 AM
From: rrufff  Respond to of 37387
 
Hi Patentlaw. Holy grail? I don't think any of my speculative plays are the holy grail LOL.

Given the prospects and the improving environment for medical tech companies and other penny stocks in general, this compares well.

I certainly wouldn't want to guess where it will go today as it would certainly be a guess. I didn't anticipate the strength of the move yesterday. I know there seems to be a ton of bashers on it and perhaps the hedge funds had it in their sights. The type of move that happened yesterday had to be exacerbated by some short covering.

Almost anything from profit taking, e.g. 50% retracement, or further covering to resistance at 5 level, could happen quickly.

One thing for sure, is that it is now on many more screens than it was before yesterday. This means that moves are going to be faster and greater.