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Microcap & Penny Stocks : Cryogenic Solutions Inc. (CYGS) -- Ignore unavailable to you. Want to Upgrade?

To: makin_dough99 who wrote (599)	7/16/1998 11:08:00 PM
From: JMarcus	Read Replies (2) \| Respond to of 4028

>JM - What does it matter where the stock closed? just curious. I'm new to all this technical market savvy.< If you want technical market savvy, you're talking to the wrong guy. But I'm game to give you my common sense analysis. My take on this is that folks feel a psychological resistance to bidding up a stock past a natural barrier. Take a look at the following 5-day chart: quote.yahoo.com You see natural resistance to crossing the 1.25, 1.50, 1.75, and 2.00 barriers. On Friday, July 10, the stock price hovers most of the day just below 1.25. On Tuesday, July 14, the stock reaches 1.50 and stops. On Wed., July 15, the stock hovers just under 1.75. On Thur., July 16, the stock hovers around 2.00 most of the day, but fails to break out past it. When the price approaches a natural psychological barrier, I think people just ask themselves, "is this stock really worth that much," and hesitate to buy at a price above that limit. Retailers know all about natural psychological barriers. That's why they price a large soda at just 99 cents instead of an even dollar. Psychologically, that even dollar just feels significantly more expensive than does the 99 cents. So, once a stock firmly rises above a natural psychological barrier, it becomes easier for it to continue rising little by little until the next psychological barrier is encountered. Now that we're above 2.00 (or as good as above it), I'm thinking that these increments of 0.25 may stretch out a bit, and we won't see much resistance until we approach 2.50 or even 3.00. Don't take my word for it though. I am truly a newbie at this.