Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Ryan Plovie (Hijacked) who wrote (1167)	1/17/1998 12:23:00 PM
From: Doo	Read Replies (1) \| Respond to of 7054

Ryan: I'm not bullish on the stock and I haven't been since I started seeing hype-like language in ACRT press releases. I think the change started around the time of the alleged "patent." Go back and read all the press releases you can find and I think the change is clear. Lots of inflammatory, pumped up language which sounds more like a penny stock on the bulletin board than a company that has it's nose to the grindstone doing its good work. On the OTC-BB, you see alot of this type of press release "noise" and it is usually done to create an opportunity for someone to dump shares on the unsuspecting. I don't have much confidence that this company is issuing press releases because it is "important", and if I were an "investor", I'd be very concerned where a company starts running it's mouth instead of running its business. I don't know where the stock is headed. I think David S. made a nice point that it bounced pretty well off the 200 day moving average. However, I don't play stocks on the long side that violate the 50 day SMA with much gusto, let alone stocks that only give me a hopeful sign at such a desperate breaking point. I also don't like the chart down this far just in front of an earnings' release. My indicators gave a short signal just after Mr. Pink's arrival and no "cover" signal has occurred. If I were short, I'd stay short. If I were long from 16-18, I'd be concerned about the upcoming earnings report and I'd use the 200 day as my guide. Sincerely, JW