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Microcap & Penny Stocks : New Sky Communications (NSKY) -- Ignore unavailable to you. Want to Upgrade?

To: Hyrulean King who wrote (1708)	8/24/1998 7:36:00 PM
From: myturn	Read Replies (1) \| Respond to of 2601

I have to agree with you on the TA on pennies Chief. Although I love Michael's analysis on the stats of NSKY; the true test will be how high will we go before we see the next dip (profit taking) sets in. Yes, I will take blame, but not full blame on the hype aspect of NSKY. Without some hype and enthusiasm; NSKY could easily have gone nowhere 3 weeks a go; to where it is today. The true trend my friend, is not only smart money beginning to roll into NSKY, but people are beginning to realize that once these multiple PRs begin to roll out; NSKY will begin to move up extremely fast in a short amount of time. My original forecast two weeks ago; .05 before we see any news is still quite possible and the longer the news takes, the higher we will go. Along the way, we will see profit taking setting in, our usual lull, with our usual dip and then a major upside to our next level. Anyone attempting to time this one today, definitely missed it and will continue to miss it over the coming days/weeks.

To: Hyrulean King who wrote (1708)	8/24/1998 7:47:00 PM
From: Michael Bendner	Read Replies (2) \| Respond to of 2601

My TA isn't really "TA" though. I know a little about the various indicators... stochastic occilators.. MACD (a new product from McDonald's?) and so on, but not nearly enough to apply real "technical analysis" intelligently to a stock's trading pattern. My analysis is based on a combination of fundamentals, stock-moving events (hype, bashing and news), momentum and gut feelings. I would never suggest that anyone take my opinions as trading advice, but my haphazard "technique" proves correct more often than not in my personal experience, and it works much better with stocks subject to MM manipulation (positive or negative) -- OTC:BB penny stocks for example -- than with equities trading on more "legitimate" exchanges. :-) Michael Bendner