AI
Thursday, April 27, 2006 1:36:52 AM
An OTCBB stock, but
We really don't follow many otcbb stocks here but it has shown some interest around it's earnings reports. Another factor is that it has had good reactions to low dollar play valuations where the significant levels are $1, $2, $5 showing fairly good support at $1 and now $2. Would be one to make sure and have a mental stop set at $2 and see if it can grow to the next level. If it fails to hold above $2 I would not have much faith in it though as retests of $1.75 and $1.50 would be likely. Always remember that otcbb stocks have a higher risk level so limit your capital invested in them and make sure to stick to your stop loss limits. Will check back to see how it does for you.
Good Trading!
Sincerely, Bob
We really don't follow many otcbb stocks here but it has shown some interest around it's earnings reports. Another factor is that it has had good reactions to low dollar play valuations where the significant levels are $1, $2, $5 showing fairly good support at $1 and now $2. Would be one to make sure and have a mental stop set at $2 and see if it can grow to the next level. If it fails to hold above $2 I would not have much faith in it though as retests of $1.75 and $1.50 would be likely. Always remember that otcbb stocks have a higher risk level so limit your capital invested in them and make sure to stick to your stop loss limits. Will check back to see how it does for you.
Good Trading!
Sincerely, Bob
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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