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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK) -- Ignore unavailable to you. Want to Upgrade?


To: Pepper1 who wrote (95)5/25/1998 3:30:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 1020
 
Bill Fortune III is our resident expert on charting on the ABMI thread. I'm not sure he is in CLCK yet?

The stock chart on CLCK shows that the stock has broken out above previous resistance at $3. It tried twice and failed and formed a double top. Then it actually hit the resistance at $3 1/8 again forming what I jokingly called a triple top.

Then it broke out!

Unfortunately it has done it on relatively low volume(compared to other stocks) and TA experts would be concerned that although we may open strong on Tuesday that the stock will pull back.

I read a post to that effect on another thread a while ago.

Look at the chart and you will see the closes at $3 three times before the break out. Also notice the increase in volume since Brenda found this stock and I started the thread. That won't be stopping as Brenda knows people with millions of dollars to invest and heck I have friends like you:

dailystocks.net

They are concerned that the smart money is already in and is thinking about taking profits at around $5 a share.

Everyone I know only wants to buy more CLCK. Could it pull back after a strong open on Tuesday? It probably will but it won't be pulling back because Brenda and I are selling. Ultimately I expect this stock to sell for lots more than any $5 a share.

Regards, Jeff