Replies to post #79041 on Strategic Asset Leasing Inc (fka LEAS)

[Eltoro43]

Burk, I don't know if I ever thanked you for getting me into MMTE via the SRSR board.

I agree fully with you evaluation of both of these companies and your feelings about charts for pinkies.

[DrozdDawg]

Agree jfburk. Gotta look at the bigger picture. Charts have their place but are only a piece of the pie.

[Phrozt]

Chart's don't predict news... that's ridiculous.

What they do is help us gauge the range in which trading will occur. The chart said that we had a big resistance at 13. Without a ton of volume, we weren't going to get past it... and we didn't.

The *PR* affected the volume... however not enough to get past the resistance.

In the same vein, when we have a PR and the market reacts slowly, others get scared and start selling because they say, "if a PR can't move this thing, I don't want to be in it." In that case, the chart helps to predict the fallout.


I think one of the big points of confusion is that people don't know what charts are for, and they are trying to measure their worth on attributes they don't have. Is a chart going to predict a PR? NO! Will it predict the CONTENTS of a PR?? There's no way! What it WILL do is tell you the range of trading given the amount of interest in the stock.

So one more time:
PR - affects volume and direction of stock (good or bad). Think of them like vectors.
Chart - provides insight as to the boundaries in which the vector will react.

[jackg152004]

Very well said jfburk!!!!

[daytona45]

isn't TA helpful to determine entry and exit points?
I assume that one day we will all want to cash out profits and the higher a stock goes the bigger
the difference a drop or a decline of PPS will be felt in the wallet.
if MMTE would rush one day to let's say 10 cents and one doesn't cash out and later the
stock falls back to let's say 2 cents that would be a big difference in the pocket.
TA could have told one it were better to sell at 10 cents instead of having waited for 20 cents (for instance) cuz that was one's goal and it never happened.
sharp (fibonacci) retracements can and will happen to any penny stock with volume sooner or later.

are these new advisory board members gonna get paid by the revenues which are non existent
or are they also gonna play Santa Claus?

or are they gonna get paid by these famous invisible (restricted) MMTE shares which when added to the float have no affect to the number of the float?

or is there another magic trick?

thx. lol