Capstone Companies Inc (CAPC)

[Salve Lucrum]

Perhaps CAPC Stockholders are now beginning to believe

something I have maintained for years.

Trying to predict thinly traded penny stock action with "technical" graph analysis is a fool's errand. Statistical analysis, of which technical analysis is a subset, is dependent on a large historical database.

Even the nice (for CAPC) volume and price appreciation 10 days ago was not sufficient to overcome this handicap.

The stock will move up on PR's announcing a good quarter or an interesting product and the charts will faithfully trail such news. Once the excitement wanes, the price will again fall off. There is not sufficient consistency of performance to sustain what charting is useful for, that being trend analysis.

I use charting extensively with my own big-board investments. but only rarely, and that only for very long term trend analysis on CAPC.

But those charts sure are pretty and the T/A sounds so scientific I can see their appeal.