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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (385)	4/8/1998 5:18:00 AM
From: Lawrence Burg	Read Replies (4) \| Respond to of 747

Sounds like you're getting discouraged...keep diggin'. If it all pans out, not only will you have good gains, but you'll have our undying admiration as an honest thorough investor. No joke, no sarcasm. Think you're doin' a great job. Overall trend appears to have changed to up from the .13c bottom on 16Mar. I'd still like to see some action up around $.30 to confirm this. 8 day trigger is still above MACD showing continuation of current this apparent uptrend. MFI & RSI (8) showing opposing signals. RSI seems to be better indicator. Currently flat & could go either way. 21, 50 & 100DMA's are ~$.20, so price above, @ $.22 is bullish. OBV & Momentum trending up; slowly. 14,3,3 exp. stoch: near term flat, overall trending up. Currently @ ~75. Combined Stoch rebounding big off a bottom last Wednesday ($~.20). So my call...none. I've learned to respect trends. We haven't broken out of the down yet. If you draw a line across the highs the past few months you'll see what I mean. My gut and the above TA says buy some more, but I'll give up some gains for statistical confidence. Most quick up moves stretch out over 2 days or so. Even a trader could still profit if the trend strengthens to the upside. And it shouldn't matter to the Longs. I would view any trades >$.27 as bullish and grab some short term. Long term, 'tho not glamorous, the remediation deals do strengthen their core survivability and chances of evolving the sludge biz. The underlying boost of the recent PR to the FA certainly didn't show in short term price action, but it will be there in the long haul. LB