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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: Richard B. Haenisch who wrote (1954)5/22/1998 11:47:00 AM
From: lazarre  Read Replies (2) | Respond to of 11850
 
Macker, glad to see you back.

Leonardo, what happened to you in the past few weeks, man? Whatever it was it'll pass. You used to be alright....

.60 would be steal for you right now.

Lazarre




To: Richard B. Haenisch who wrote (1954)5/22/1998 11:52:00 AM
From: ChartMan  Respond to of 11850
 
Looks like a nice little trading range here between .50 and .60 since 10am. From my experience, this pullback falls into a typical 2/3 retracement after a pop up.
5/20 close @ ~0.43
5/21 gap open and close @ 0.75 (0.75 - 0.43 = 0.32 advance)

67% retracement of 0.32 advance = 0.2133

0.75 - 0.2133 = 0.5367

GUESS WHERE WE ARE TRADING?? RELAX. THIS TYPE OF PRICE MOVEMENT IS NORMAL FOR STOCKS THAT ADVANCE QUICKLY. THE DGIV CHART SHOWS THE SAME PATTERN. HISTORY DOES REPEAT ITSELF FOLKS. JUST LET IT RUN ITS COURSE AND CHILL-PILL. The GAP will be filled and then its upwards and onwards. IN THIS CASE, IT "SNOOZE YA WIN" "PANIC YA LOSE".
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