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Saturday, 05/28/2005 3:57:00 PM

Saturday, May 28, 2005 3:57:00 PM

Post# of 33129
For the past 3 months or so, Tnog has been in an up trend channel. Keep an eye on this channel, for on the OTC:BB, when the channel is broken out of, too far, for too long, it tends to go away. All it takes is for the business to slow the amount of successes, not the execution of the business plan to stop.

That means the company can still be doing great, but the PPs will not!

The OTC:BB market is a gamblers market and when the gamblers don't see good cards falling right after the other, they leave the table. Then the dealers odds, increase!! The house will take your money every time. LOL So think of your time at the table, as playing the other players, not the house.

When the trading pattern is broke, it's time to say good by, to your favorite penny play. Watch it, but stop playing it. Many, that stay months, become attached to the company and because of all the DD, expect it to come back. The company may have never gone, but your money may be gone, before the stock comes back! Get the idea?

The thing is, in penny land, most the time it doesn't matter if it's a good company, only if it's a good profit stock. So If you decide to make a penny a long, make shore you can afford to have your money in it, tied up for a long time.

There have been times I liked the business plan and business execution and stayed longer than I planed. But I reduced my position to a level, I could go without. Always remember why you got into the a stock in the first place. Don't change your original plan with your original position.

Tnog seems to have great potencial and a good management. They seem to be well experenced and know how & who to use to reach goals. (market timing, Texas area, business relationships, personall, ETC) They may become a good long position in time, but if you don't see the financials, you don't know if there is progress.