Replies to post #17043 on Energy One Corp (EGOC)

[pauljack13]

I'm kind of a novice on TA as well. I've read a couple of books on it. I recently bought John Murphy's "bible" on TA. Haven't really read a lot of it. I read a couple of 200 page books on it along with the TA section of IBD's books and the TA section of Peter Leed's book. I've been trying to apply it mostly using the Basic easier stuff. When people talk about Bollinger bands or Williams %R I have a blank look on my face.
But sometimes I really wonder if it applies here. These companies in penny land literally have no value, then someone like Ray comes along and creates value where none was before. That should reflect uncharacteristic price increases not measured by tradition TA. So who knows. GLTY.