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

To: Hawkmoon who wrote (2356)	3/22/1998 12:18:00 PM
From: J.Claudio	Read Replies (1) \| Respond to of 14347

Ron, I agree that there is upside resistance at the 2.25 level, (IMO psychological only), simple because it was the high set in the month of Oct. Believe it or not there were not many trades done at the 2.25 level. If you look at the monthly chart and refer back to my post on the 17th (#2126) notice the move that started in Sept... the majority of RNTK's upside resistance was clearly at the mid 1.60's level...which so far we've clearly broken through. So the only resistance we could possible be running into at this level would be from long term investors, that are excited about breaking even after all these years. But think about it, if you purchased RNTK in 1993 in the two dollar range would you sell it here and break even considering the Co's prospects have never looked brighter...I wouldn't..and I honestly don't think they are either. Also look at the volume... there were months back in the early 90's when RNTK traded only 63,000 shares (for the month!) These guys are holding on to their shares. So the month of March seems to be telling us things (so far). You've got move through major upside resistance with volume (textbook). With one week left in March I'm looking for stock price to close anywhere above 2.00 and April being the month of the long awaited announcement. Good luck to all! J.Claudio