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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: RavenCrazy who wrote (1671)7/23/1998 3:48:00 PM
From: Michael Baron  Read Replies (2) | Respond to of 15313
 
Dear blackbird (and anyone else who cares to chirp in)

At the end of last week and through today, many remarked that the chart looked great. I am not a TA by any means, but when I see slow and steady accumulation and increase in price, broken by gentle low-volume sell-offs, I know what I'm seeing.

My question is: Does this type of chart, a classic climb, with strong long positions, a relatively small float, and sudden volume increases, send a message to MMs that the field is ripe for picking? I mean, the easier to read, and the more recognizable the price/volume is, does that make it easier for MMs and daytraders to take advantage? Were we set up because we looked so good?

M.