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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (6578)	5/5/1998 11:24:00 PM
From: Joe Copia	Read Replies (2) \| Respond to of 18444

Joe, I don't agree that TA can't be used on tech stocks I did not say tech stocks. I said peny stocks. Big Difference. I use tick charts as well Tick charts? they mean nothing, imo. Use time and sales. They show you the block buys/sells. This am was some nice size blocks at the ask and this has been going on for a couple of weeks. In the OTC-BB arena the MM's can do anything they want to a stock price. I frequently buy stock on the bid and today that was not viable, although I did try. Joe PTG&LI !!!

To: Jon Tara who wrote (6578)	5/6/1998 2:09:00 AM
From: PartyTime	Read Replies (1) \| Respond to of 18444

Every now and then I see things quite constructive, if not instructive, from you. But still you are very dangerous when it comes to marking a tilt. My positive position is qualified; your negative one is not. I post the following--which is yours--because it fits the first part of what I've stated here. To: +Joe Copia (6573 ) From: +Jon Tara Tuesday, May 5 1998 11:18PM ET Reply # of 6591 Joe, I don't agree that TA can't be used on penny stocks. The distortion due to the spread does make some techniques difficult or unusable, though, I will admit. I use tick charts as well, and I don't base my assesment only on the closing price. The closing price is only ONE piece of the picture. I agree with you that tick charts are the only way to look at intra-day trading objectively. For example, if you look at a bar chart of NETZ today, it looks much more horrible than the tick chart, and I do think that the bar chart portrays the action unfairly. If you look at the bar chart, the picture you get is that it shot-up in the morning, gave it all back, and then sat idle the rest of the day. Looking at the tick chart, however, divides the day into to periods of trading of roughly equal number of trades. 11:00 is in the center of the chart. It moves up until 11:00, and then moves down, on about the same number of trades. A much different picture than the bar chart. I am looking at the tick chart of today's action right now. Are we looking at the same chart? Can you point-out where you see the strength? It opened at .57, trended up on decreasing volume until about 11:00, and then trended down the rest of the day to close near the day's low. There's about an equal number of trades before and after 11:00. However, I notice more large trades after 11:00, and overall volume increased from 11:00 on. Almost all of the large trades after 11:00 were at the bid. From 1:00 on it was trapped at .55-.56, and never made another attempt upward. I'd welcome your detailed interpretation of the tick chart, since I'd like to understand just where you see strength perhaps I am missing something. Could you give us something more detailed than "I see strength"?