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

To: Little Engine who wrote (3025)	2/10/1998 10:30:00 PM
From: JIN CHUN	Read Replies (1) \| Respond to of 27968

Little Engine, you've got me all wrong. It was only my speculation and my speculation alone. You pull someone else's quote and then use it to respond to my own analysis. What I was saying, or intended to say was simply this: there are a lot of technical indicators that one may use to argue either side of the coin. I just happened to mention pivots, because the article I read, which came from a product magazine which I personally own, mentioned that many floor traders use pivots to reduce their risk exposure on any given day, and consequently enter into the momentum in either direction. Using the analysis of pivots, which tracks a fast moving average and uses a high, low pivot with corresponding break out points using extreme resistance and support levels, one could not say that FAMH had a break out on the down side. ----And yes, I agree with you, TA is often done in hindsight because you can obviously only use data that has already been generated, and TA on a BB is specious at best IMO. ----By the way, TA does often work, especially with issues on the major exchanges. If I'm wrong, so are the thousands of others who work for the big investment firms with advanced Math degrees who do nothing else but TA, and the bigwig fund managers who listen to them. ----<<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>> ----You're right! IF they were losing money, which I seriously doubt because they had no credit facility that anyone is aware of for funding their previous acquisitions including the Myriad deal. The numbers are everything, and since I'm long on this company, I can wait for the numbers to come out (don't make me faint from lack of oxygen Ira!<g>). ----By the way, it's based around the .30 range for more than last week. Jin :-)