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[QUOTE]Originally posted by Ric: [QB] The .20 rule I study patterns and trends. I use charts with fundamentals to try and figure where stocks can go. I have been on this board for nearly 2 years now and studied pennies in depth for more then 5 years. I have found some very interesting facts beside learning the hard way to never hold a penny long term. But one fact that I have found is stead fast. Now this rule does not apply to a stock that was over 20 cents and fell below 20 for some reason. This only applies to subpennies that finally break into the penny range and run. Pennies rarely ever break .20 (fast run may go to .22 but rare). This has worked for so many of the so called pennies going somewhere. The pennies that longs claim will go to a dollar but never do. Like GZFX, TCFT, ONEV, HISC, and many more. When they were in there prime they all stopped before the magic number of .20. Not sure why but its true. This is a hard wall. There is soft walls at .002 and .02 also. They are easier to break but if you look at runs they seem to die right before these numbers. But as for the hard wall of .20, I have only seen it broke twice since playing in this market. Not to say that it never happens and I didn't see it but it is real rare. And the only two times that I saw it happen was to reverse mergers. Once one runs to .18 -.20, it seems to drop to .10-.12 and jump back to .18 a couple times before settling at .14. Then it will slowly over time sink back below .10. This pattern holds true. Just a heads up for those that think this will gap hard Monday and run. Trust me on this one but saying that Murphy's law will try and prove me wrong, lol. [/QB][/QUOTE]
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