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

To: Bradpalm1 who wrote (11052)	10/20/1998 1:58:00 AM
From: Gerald L. Kerr	Read Replies (2) \| Respond to of 14347

"Balance-Of-Power" is a proprietary indicator used by Worden's in their charts. They don't divulge how it's calculated or how it's possible to have positive BOP in the face of a declining stock price. "MoneyStream" is another proprietary indicator which purportedly shows whether money is flowing in our out of a stock. The indicators can sometimes be helpful...especially if a stock shows strong accumulation for several months. >>I presume that you're implying that MMs are quietly loading up on cheap RNTK shares without driving the price higher.<< Actually, I wasn't trying to imply much of anything...just noting an interesting divergence. But if the charts are to be believed, it would appear someone is doing some accumulating. >>Does 'strong accumulation' correlate with the magnitude seen with institutional buying?<< I very much doubt that the charts have that degree of precision. Personally, I take all such chart indicators with a large grain of salt. However, it is striking in the case of RNTK that both BOP and MoneyStream are showing such strong accumulation in the face of a drooping stock price. We'll see, I guess, what it all means. BTW, both indicators are still positive for today's trading as well. Regards, Gerry