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Microcap & Penny Stocks : The Microcap Basement -- Ignore unavailable to you. Want to Upgrade?

To: Mark Buczynski who wrote (821)	3/16/2006 8:26:16 AM
From: lexi2004	Read Replies (2) \| Respond to of 4886

Mark, You're welcome. If you like to read books regarding the market, I would strongly suggest reading about Jessie Livermore. If you look at www.traderslibrary.com you will find books about him. After reading the various books I have it changed my way of trading in a positive way. Before I often tried to buy at support to get a lower priced entry, and there's nothing wrong with that. However, according to Jesse, once he had a position, he always added more shares when it made a new high. Why? It showed that his stock pick was working and the stock had strength. I would offer this caution though, when you added on a higher high, be sure to look at volume. If the stock has gone up on low volume, that doesn't show conviction, and it can come down just as fast. In addition, I cannot tell you how many times I've seen these big moves prior to news. Just be on the watch that these people didn't know ahead of time regarding an upcoming announcement and then sell the news. I know nothing about the stock you mentioned so what you know will add to your decision on what to do. Wishing you the best with it! Lexi