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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: Terry Jackson who wrote (1481)	2/27/1998 9:40:00 AM
From: richard p. martino	Respond to of 14347

Pretty much the case, especially when they are thinly traded. Someone else said it best. RNTK will move near-term (up or down) based on whether they negotiate the deal with Tx or not.

To: Terry Jackson who wrote (1481)	2/27/1998 9:43:00 AM
From: Little Joe	Respond to of 14347

Terry: I don't know much about RNTK but I do know that some penny stocks are very tradable from a technical point of view and most are not. It is also true that certain large cap stocks are more predictable from a TA point of view than others. I have been follwing RNTK in this regard and if my technical indicators are working on this stock, the stock is under accumualtion big time. This is why I am so interested in the stock. Unfortunately, my charts don't go back long enough to ascertain whether RNTK is one of the stocks that will work with the indicators I use. A big mistake many make with TA is to view it as a holy grail. It is not, there are many variables and it is as much an art as a science. Live long and prosper, Little joe

To: Terry Jackson who wrote (1481)	2/27/1998 12:21:00 PM
From: Lawrence Burg	Read Replies (2) \| Respond to of 14347

I'm responding to you, tho' I do see a number of answers to your ? in between. Hopefully I'll cover those also. I think you can apply TA to pennies. It depends on the severity of the news driving it's future. The TX potential is in the price; it's gotta be, everyone knows about it. The price is currently balanced on the market according to it's probability of happening. If you see TX fall through, the price will drop accordingly. If the deal goes through it'll jump...accordingly. As the probability changes, the market action changes. TA should show you some of this provided the probability doesn't just explode (i.e., they keep a lid on progress completely). In general as a company's complexity grows, much potential news is either rolled into the price or doesn't affect it when it hits. If it's a simple FA like HNLY everything affects price significantly. If it's IBM...news?...so what (price % wise). So what am I saying...? Oh yeah, I guess ya hafta weigh your TA into your overall RA based on a Co's complexity/FA. Nothing new. It's just one more tool. Bias it accordingly. I know folks who have been very successful at timing moves better than with FA alone. It does also seem to require some tailoring to each security. It is an art, but it can be very telling. I'm very new. Can't stress that enough. But, I'm aware of results. I'm also learning some tricks which are stunning. I'll keep looking at RNTK for the reasons I mentioned in my post and update here. Keep the ?s coming. It's great to be learning again. Lawrence