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Micro Penny Stocks, Penny Stocks $0.10 & Under
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TRIANGLE MULTI MEDIA (QBID) III
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[QUOTE]Originally posted by roger7485: [QB] Hey bart, look at the party sign up, a bunch of teenagers in their first stock. That "in and out" stuff is how you make money in stocks. ESPECIALLY these high risk stocks. Im 18, Ive learned a couple lessons very early. No matter how much DD you do, and how good something looks, it simply might not happen. Thats why they are on the pinks. If this was a sure launch, then OF COURSE it would be an obvious buy. But the fact is that its not. Ask some experienced people here like Bob, Purl, Diana. They would have sold when the charts and L2 said the run was done, at least some of their position. By Bart: "Just got rid of my final penny stock but QBID. Tom will put everything in QBID. All eggs in one basket. The .028 and back to .018 is kinda what we had yesterday. Then we slowly went right back up past .0096. Lets see if we do the same today." Dont take investing advice from this guy kids. RSI is relative strength index. Its a formula that uses the price movement from recent trading days to determine how overbought or oversold a stock is. An RSI of over 70 indicates overbought, meaning the stock should move down on no news. An RSI of under 30 indicates oversold, meaning the stock should move up. Yes bart is right that charts dont mean much with pennies, but they do mean something. Hope this explains it, basically 70 or over is a sell signal and 30 or under is a buy signal. Not saying it always does what RSI indicates because stocks are effected by news, speculation, etc. But using the RSI combined with the MACD, EMA, and other indicators can help you determine a good price to pay for a stock. [This message has been edited by roger7485 (edited April 15, 2004).] [/QB][/QUOTE]
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