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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Instock who wrote (21036)5/23/1998 1:00:00 PM
From: Tom Allinder  Read Replies (1) | Respond to of 34592
 
I scan stocks. I have a very GOOD setup. When it comes to pennies though, throw your TA/FA out. It doesn't mean squat.

Tom



To: Instock who wrote (21036)5/23/1998 1:49:00 PM
From: BubbaFred  Read Replies (2) | Respond to of 34592
 
The only TA that works for these pennies and zombies, is when there is a spike up, which invariably, 99% of the time, after 2 to 5 days, price will go down to where it was before the spike. That's the only TA that works. However, when company has legitimate merit, it will go up again, after it makes 1/2 to 2/3 retracement. Otherwise, if full retracement is made, forget it, as it will stay dead for a while, or until the next wave of hype.


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