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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail -- Ignore unavailable to you. Want to Upgrade?


To: Don Parker who wrote (1101)2/27/1998 8:58:00 PM
From: Matthew Leo  Read Replies (2) | Respond to of 1800
 
A few posts back someone asked if they should buy Cycomm, I responded yes. I commented that we were entering overhead resistance that needed to be broken before we could continue our move up.

Frankly, this is normal. Stocks go up and down in patterns not linear. Support on the way down, becomes resistance on the trip back up. A quick look at the chart and you will see this support (at that time) forming from early 96' to Sept 97' when it then broke down.

Getting through this (selling from both profit takers and selling from those long time holders wishing out)will require that Cycomm gives us a real reason to believe - which I think it will. Cycomm has a genuine chance here move the stock up. Can they do it?

If you look back at the company when it was trading at $5 and now, what do you see. When was Cycomm a better stock to own? I think now, a better company at half the price. Let's hope this can be understood - if so the next battle is at 5 to 7.

regards