Tuesday, July 24, 2001 3:08:52 PM
Wise Investment. . .
Definitely appreciate that take on the charts. However, take a look at the 6 month chart. JANX had a similar run back in February. . .then couldn't sustain the momentum. Also, we need to consider upcoming news. OTC BB stocks usually don't follow normal charting trends. They follow the "emotion" of the market. During the tech bubble, technical analysis seemed to work on everything. Today, however, investors are looking for strong companies. Many daytraders are going broke ~~ faster than they are making money. I'm hoping that something can take place that will push JANX over the 20 cent resistance/testing level. Then, it is possible the stock will run to a buck or so. For now, in this market ~~ I'll put a couple hundred into JANX and see what happens. I'm a strong believer in companies that are out to help the children of our world
.
Peace,
M&M Man
Keep the Faith!
M&M Man
Definitely appreciate that take on the charts. However, take a look at the 6 month chart. JANX had a similar run back in February. . .then couldn't sustain the momentum. Also, we need to consider upcoming news. OTC BB stocks usually don't follow normal charting trends. They follow the "emotion" of the market. During the tech bubble, technical analysis seemed to work on everything. Today, however, investors are looking for strong companies. Many daytraders are going broke ~~ faster than they are making money. I'm hoping that something can take place that will push JANX over the 20 cent resistance/testing level. Then, it is possible the stock will run to a buck or so. For now, in this market ~~ I'll put a couple hundred into JANX and see what happens. I'm a strong believer in companies that are out to help the children of our world
. Peace,
M&M Man
Keep the Faith!
M&M Man
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