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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (2033)	5/19/1998 8:25:00 AM
From: Lawrence Burg	Respond to of 4783

We are. Let me say thanks for the intelligent debate you bring. I have never argued the trend, which is running up. I use a 10 day smoothed OBV which still looks good despite some stalls. A simple AD 'tho looks peaked, at least by current history. I am very encouraged by the action the past two weeks. My earlier plays had to subsist on brief spikes/momentum. The sustained volume is a big change; whether due to churning, dilution, anticipation, whatever. I would strongly suggest you look at CCI8, RSI8, & Chaikin O. All of which have risen strongly but are at serious peaks relative to recent history. I'm not saying that can't change, but it would be very hard to go higher. Can't get much behind a necked BB (20exp), since @ $0.05, there nowhere else to go. Also, keep in mind the general benefit of BBands which say that excursions beyond their limits usually fall back inside the envelope. Also, that there is a strong tendency for the price to cycle between them, from high to low, and low to high. I don't want to rain on the parade. I am just calling the daily picture as I see it. The grasp of TA on such micro-caps is tenuous at best, especially in light of the attention PKGP is getting and the apparently pending news. Far as long term, I'm still riding some freebies, but I won't commit fresh dollars on such speculation. We'll see what happens today.