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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?


To: KMT who wrote (744)11/18/1997 2:27:00 AM
From: TraderGreg  Respond to of 11708
 
There is no gap to fill at $1. On the 13th, it gap OPENED at $1 from the previous day high of ~.94, but it came back and filled that gap later that morning.

What we did today (11/17) was break thru a Quintuple top at $2.00. For TA people, breaking through multiple tops/bottoms are very, very significant. Breaking thru $2 twice and hitting 2.15 and 2.13 respectively gives TA people a rush.

TA says next resistance point of minor significance is around 2 3/8 and a double top is at 2 3/4. Major short term resistance is at 4 3/4, the point where Shorty resumed major shorting..

All of the above is nice, but TA can't fully explain all the factors that are contributing to the rise we are experiencing. Between the irresponsible shorting and the terrific fundamentals (extraordinary for a BB stock), CSMA, my precious COCO, should be called CSAM (as in Coconino Surface to Air Missile). A little play on letters for our friend Durro, Defender of the Faith, in Saudi land.

If you could send a few CSAMs north Durro then Saddam would get his wish and get to sit at the right hand of Allah.

TraderGreg