*Shankapotamus'' Playpen*

[Chart Addict]

While it's true that Toni doesn't play penny stocks, I do not recall her imposing either a minimum price level for entry, nor a specific admonition against trading them.

The same principles apply to trading stocks in any price range. Toni relies rather heavily on moving averages. (I have a CD of giving a lecture in which moving averages are all that she discusses.) Are these simple devices any the less effective in identifying the direction of a trend when a stock is priced at under $1.00? I don't think so.

Look at how little more than a simple divergence between two moving averages could have got you into BRGO early. Note also that the recent pullback to MA 200 may well serve a good entry point.



Now let's look at LBAS. Is this stock in an uptrend or a downtrend? Where is price support?



Want to know how I nailed a big move in Libbey Glassware (LBY)? With nothing more complicated than a bullish engulfing candlestick on a weekly chart.



Now have a look at how I nailed TEN.



This may be a good time to revisit three stocks that I like to monitor the shipping industry with.