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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (8441)	7/14/1998 9:15:00 PM
From: TechTrader42	Read Replies (2) \| Respond to of 12039

<<But usually I will try not be too greeedy and sell the penny stock with only about a 100-300% profit. Just to be safe.>> Yes, it pays not to be greedy and to settle for a 300 percent profit. I completely agree. Mind you, I've arrived at this conclusion only after years of meditation on the knotty issue of self-denial. There are times when I'm still tempted to reach for the 10-bagger, but I give myself a good flogging and the temptation passes. MPTV certainly looks like a good pick, by the way. It clearly has impressive fundamentals. I'm a little disappointed that it pulled back to 0.025 cents today, but the volume was over 7 million. I suspect it must be attracting institutional investors -- state institutions perhaps. Brooke

To: Daniel Miller who wrote (8441)	7/14/1998 9:54:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

There certainly is a lively discussion going on in the MPTV thread. I can see why you might find technical analysis a little dry. The news from the Provocateur that there would be no reverse split certainly seems encouraging. I'd hate to wind up with only half as many shares, even at the new high price of 0.05 cents a share. On the other hand, the stock might attract more institutional investors at 5 cents a share. Does Fidelity have a Nickel and Dime Fund? I'm not sure. Whatever the stock's price, the $114,400,000 in revenues from the property that the Provocateur is anticipating are an indication that the stock has nowhere to go but up. (Well, I suppose any 2-cent stock has nowhere to go but up, in a way, but that's another matter.) Yes, technical analysis certainly does have its limitations. I feel a little embarrassed to confess this, but MPTV didn't even show up on my scans. Brooke