Solar Energy Initiatives Inc (SNRY)

[Bucks4Buckeyes]

StockTA gives some good indicators, especially for people who are unfamiliar with reading charts for themselves.

There is a large group of penny traders who claim TA means nothing on pennies - except to view historical facts. Then there is another group who believe that TA is just as strong as indicator for pennies as it is for big board stocks.

I fall somewhere in between. For an established company with revs, a solid business plan, a good track record of 7+ years - I would check out those indicators.

But News is king in Pennyland. When the king declares a new contract, all the inhabitants of the realm rejoice as their share price increases. When the king announces a loss, or a 'serfdom' to the neighboring kingdom, Asher the Evil, the peasants realize a famine may be near. However, when the king announces his daughter is marrying the High Prince of Verndale, and he will be abdicating his throne - the peasants will party like there is no tomorrow!

In reality, StockTA could announce they were VERY BEARISH on SNRY today and if the 8-K comes out, it wouldn't matter at all. I DO LIKE the fact that SNRY is trading much more solidly now. Perhaps SNRY's MM is putting in a strong floor for impending news.

All The Best