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To: Qone0 who wrote (10923)1/5/1999 10:01:00 PM
From: Loren  Read Replies (1) | Respond to of 16988
 
Robert -

'Supply and demand' is a concept that plays very well in a normal market. A penny stock with market makers manipulating the price to their advantage is not a normal market.

Loren



To: Qone0 who wrote (10923)1/5/1999 10:46:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 16988
 
Robert,

I was seeing the same thing... money flow positive, REALLY tight Bollinger Band formation which, combined with the money flow and positive MACD, AND stochastics indicating an oversold state (hourly chart, mind you), it would seem that we were staged to recover some of the recent losses from tax loss selling.

The only thing I can think of is that we may have to wait for a week until the daily chart reflects a tightening Bollinger Band "pinch", thus setting up the chart for a retracement to the .25-.30/share level.

The only thing I can think of is that someone knows something we don't among the market makers, but then you would think they would be shorting the heck out of the stock and money flow would be negative to neutral. (of course their short sales would be reflected as buys from the investors buying their stock.)

I sure hope TG has something up his sleeve that will break the backs of whoever is keeping this stock down.

We need substantive news.

Regards,

Ron