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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger? -- Ignore unavailable to you. Want to Upgrade?

To: Syd Deem who wrote (1614)	12/31/1997 2:51:00 PM
From: papa bear	Read Replies (2) \| Respond to of 1702

Hi Syd, Also don't want to provoke ANY arguments -- just discussion and CONSTRUCTIVE debate... I agree with what you're saying about the price action. Here's another reason that may support the action today... all, of course IMHO... Although there is obviously very very short life to this stock since its beginning, I nonetheless have done some minimal TA on it, and the price action today was as expected from the tech analysis. First, a linear least squares fit on all the data puts the y-intercept at about $0.61 and last night's point at about $0.213, so we were trading much below the mid-point in the channel. What's more important is that the price yesterday crossed ABOVE the 10-day moving average on INCREASING volume, so a pop up was likely - but (as always) not a certainty. Once the volume flattens out, perhaps a dip is likely again. The cross above the 10-day MA and a cross above the 30-day MA are both very bullish. The 30 -day MA on a close of 0.1875 ast night was about 0.28. Again - no gaurantees, and all IMHO. Any comments, especially from any other TA'ers? NO flames, please; I am interested only in comments that dignify a response. Thanks and Happy New Year to all! Ron