Replies to post #97329 on MATRIX Penny Stocks

[JustDoIt]

Omni do you think part of the reason for the action on TALL is that they were expecting a 10K will good results, then trading slowed because they filed the late reporting form instead on Friday? I'm just trying to understand what started the run in the first place.

[soupoftheday]

I'm still holding TALL. It has a lot more going for it than you give it credit. - JMO - Microsoft does not need to be involved for TALL to run. All of the technicals are lining up on this one. Good news is right around the corner.

Someone told me this:

THE POWER OF THE 200 DAY MOVING AVERAGE
Stocks that trade above the 200 DMA triggers a change in the long term trend, a trend reversal.

Break Out Trends - 200 DMA
Stocks that are within 3% of breaking the 200 DMA on a daily chart. These are very explosive break outs
Examples: UVCL 10/03, CESY 10/03, IVOC 09/03, ADOT 10/03 - Study those charts & you will see what happens when a stock crosses the 200 DMA.

[i_like_bb_stock]

TALL: Just like ONEV, 2nd day was down, bounced off 200 day, almost identical chart patterns. ONEV also closed near the low of the day like ONEV on the 2nd day, thus why I added at the lows rather.