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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gary West who wrote (7223)	4/15/1999 11:08:00 AM
From: MUG	Respond to of 9824

So the word is wait it out and it will move back up?

To: Gary West who wrote (7223)	4/15/1999 12:42:00 PM
From: Gordon Owen	Respond to of 9824

Wasn't MMs. Basher on RB posted outrageous stuff and people fell for it. See "Hamke" posts there if you want to read garbage. But something good could come of it. Lots of "technicians" will see the temporary drop as a testing of support halfway between the old 50 cent price and its recent high of a dollar. Viewed as a bounce off of a TA-defined support level, any close at .95 or higher will be assessed by techies (or their pre-programmed computers!!)as very bullish for TNRG. Look at it this way: not all the cab drivers in the world have quit their jobs to stay home with 4-monitor setups and trade internet stocks all day. Most folks still go to work. When they get home, they'll see all the TA signals for a huge gap up in the morning. Talk about a self-fulfilling prophecy.... So, my hunch is that instead of closing today at 1.05 and tomorrow at 1.20 we'll close today at whatever (maybe even the 1.05 figure) and gap up in the AM to approx 1.50. Fall back to 1.25 and fill the gap all within an hour or so and go on from there. Anybody see it the same way? (Note: even though the drop was artificial, I'm not saying that 1.50 is unreasonable, just that the techies will get us there a couple days early as we move to the $3 to $4 range) G. Owen Disclosure: long on TNRG!!