Wednesday, January 11, 2006 10:36:40 AM
No offense to all of you chartists, but you were wrong when the stock was rallying. When the stock was up - you all predicted higher highs and higher lows. Now - you are predicting lower lows and this all too major support at 1 penny. If it drifts lower - it will be just that, a drift. The
selling pressure is drying up. On the other hand, the release of the new web site and other events unfolding now can and will bring this to new highs. Penny stocks are fundamentally driven. Every time I look at charts on pennies, I wind up getting screwed. Charts are for bigger stocks - Nasdaq, Amex etc... fundamentals drive pennies. Period.
selling pressure is drying up. On the other hand, the release of the new web site and other events unfolding now can and will bring this to new highs. Penny stocks are fundamentally driven. Every time I look at charts on pennies, I wind up getting screwed. Charts are for bigger stocks - Nasdaq, Amex etc... fundamentals drive pennies. Period.
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