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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: JIN CHUN who wrote (3023)2/10/1998 9:48:00 PM
From: Jonathan Lebed  Respond to of 27968
 
Check out my NEW THREAD...

Subject 19282

Make sure you express your opinions.

Good Night...I feel sick.

JLebed



To: JIN CHUN who wrote (3023)2/10/1998 10:02:00 PM
From: Little Engine  Read Replies (2) | Respond to of 27968
 
Jin, I pulled the following off a Yahoo board last week...

<<<Also, if you are in to the technicals of stock pricing, this one (FAMH) has shown considerable stability at the .30 cent range. This is often seen as a good sign of a future move upward!>>>

Yes, it really stuck to .30 for most of last week but...so much for the big move upward this week. This guy looked at trading last week and concluded the "floor" was .30.... now the "floor" is .26 .... what's the floor next week? Does it matter?

Technical analysis is usually done in hindsight, and I don't have much use for it. If it really worked, there would be no need to read financials at all, just pick stocks off their floors and trade at their ceilings.

If FAMH announced tomorrow that they were losing money, what is the floor then? The numbers are everything. Whether it goes up or down this minute or hour or day is immaterial.