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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries -- Ignore unavailable to you. Want to Upgrade?


To: TonyL who wrote (1810)5/27/1999 10:44:00 PM
From: Carl  Read Replies (1) | Respond to of 3243
 
"...the next support I see is around $2.20."

Tony, what happened to support at $3.00? Do some real research on penny stocks and the carny shows that we call the ASE and the VSE before you start making predictions and calling those who disagree with you morons.

There is no such thing as support and resistance with thinly traded penny stocks. They are all manipulated by insiders, market makers, con artists, etc. Support and resistance, a tenuous concept at best, is only applicable to heavily traded issues which are difficult to manipulate due to sheer volume.

Cybersurf will go wherever those on the inside want it to go and you and I and Joe Q. Public will lose - we always do. This stock was run up over a year ago. Go back, if you haven't already, and read the thread during the last run up. You'll find that your posts are nearly identical to what was written then - and what has been written on a thousand other threads.

Sure, you might make a few bucks if you get lucky, but the majority will lose short term, and 99% will lose long term. If you hold on to your shares for the long haul, your only hope is that CY turns out to be that one in a million little company that actually grows into the next IBM or Microsoft. Try a lottery ticket - better odds.