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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?


To: makin_dough99 who wrote (155)3/23/1998 9:13:00 AM
From: Nescom  Respond to of 9824
 
Don't dismiss the averaging down factor:

According to Stok2's earlier post on Friday (his post was on Cyber Whispers). If 3 million shares are being held around the $3 area. It is my opinion that once the current shareholders are comfortable that the stock is on the ascent price wise they will average down. This should help in getting to the $1 range very soon. I'm watching the trades and I'm seeing people not hesitating to buy more even when the price changes. These $3k and $5k share buys. In my opinion these could be the other shareholders averaging down. I know I would if I were them. They have had some time to watch the stock trade in the last week. Another rule to trading is buying brings buying. The volume and price increase should bring more buying into this stock. I've seen this in CSMA when it went from .125 to $2.50.

Don't dismiss the averaging down factor. If TRGC would put out just a little positive news the stock moves fast. Believe me the current shareholders will be quick to average down from $3.50 area where many shares are held. That stock will go back to $1+ area in rapid fire. I'm not telling people to buy TRGC I'm only using it as an example of a comeback scenerio.

Good luck to everyone. Things will get interesting in TNRG this week, that much I can promise.

Nescom out-