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Re: frosty1 post# 722

Thursday, 04/27/2006 3:49:30 PM

Thursday, April 27, 2006 3:49:30 PM

Post# of 2724
Hey Frosty, I have to agree. The 10 or 20% cannot be applied to microcap stocks. 50% drops after advances are much more the norm than not. Take a look at a bunch of charts of micros and penny's and you'll see a majority will drop by 50% or more after each run. In PECB's case it ran to .80 and has dropped to the .37-.41 range. I could see the next run taking this to 1.25. If that occurred I would expect another consolidation back to the .60 to .80 range before another run.