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


To: Lawrence Burg who wrote (4561)3/3/1998 8:00:00 AM
From: Moonglow  Respond to of 27968
 
What indicators helped me decide to get in?

Hmmmm....that's a tough one to explain. None that can be measured.

You see, I humanize stocks. In other words, I look at a chart and then get a picture in my head as to what they are "supposed" to be doing. If they do what they're "supposed" to do, then I know that I'm on the right track.

However, if they don't do what they're "supposed" to do, then I know that the opposite action of what I am expecting is beginning to take place. In FAMH's case, it was "supposed" to be going down. However, beginning last Thursday, it began to have a very tiny little upward "jig" in the chart. Now it wasn't supposed to do that...and yet it was too soon to say that it was doing the opposite of what it was "supposed" to do.

But at any rate....that little "jig" put me on alert. And so I decided to watch it VERY closely on Friday morning. Well....what does it do Friday morning but immediately go up 2 cents. Hey...it wasn't "supposed" to do that. That was enough of a variation that I decided not to pussyfoot around anymore and so I got in.

Well, the rest is history. And NOW when I look at the chart...trying to see what it is "supposed" to do....I see a really tremendous upside move coming. Now will I be right? Who knows? I sure don't know. I just call it as I see it and don't mind becoming a chameleon, (in other words can change my mind in an instant) because I can think things all I want....but in the end, it is always the chart who is right.

Juanita