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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Burg who wrote (5563)	6/24/1998 2:01:00 AM
From: CYBERKEN	Read Replies (2) \| Respond to of 14347

IMO, no Texaco deal until late '98 or early '99. May be overwhelmed by Y2K bear mkt by then. RNTK will drift gradually lower for the rest of the year. I still think they will eventually get where they want to go, but this is getting more and more like the biotech "eternity" leading into the biotech "century".

To: Lawrence Burg who wrote (5563)	6/24/1998 9:06:00 AM
From: John S. Baker	Read Replies (2) \| Respond to of 14347

To each witch doctor his own set of chicken entrails ... or dried bones ... or eye of a newt (that with a small "N" please). TA is pure and utter BS when applied to a news-driven situation, which I believe most of us believe RNTK to be. Having made those caveats, this novice witch doctor attempted to provide a bit of information to someone who posed a question about the TA indicators for RNTK. So I fired up my trusty real time TA computer, available for free by download from iqc.com and gave RNTK a quick glance, ie drew no pattern lines and used the default specs for each of the indicators. Used only the "tail" since the last false alarm because I consider the two peaks this year to have been news-driven. This of course rules out any significance to a 50-day or 200-day moving average because they include false alarms. What we are trying to determine is what the macro steady state values are (within the tail) and whether there are any leading micro variations which might signal an immediately-forthcoming change. (From memory now, 'cuz the program is at work): CCI is basically within a channel, but trending slightly downward. MACD shows nothing. Don't remember the stochastic values but if they had portended a change, I would have mentioned it. DMI indicates that no significant trend is in place. Etc, etc, etc. Upshot of the matter is that the indicators show very close to a steady state situation, with a slight negative bias. Interpretation then remains valid -- people just sitting around and waiting, with a few losing interest every day which results in the slight negative bias. I sure wouldn't trade this stock based on those indications ... but I wouldn't want to be out of it when the pop comes, either. And them's my chicken entrails <grin>.