Posted by: ChartFreak Date:9/19/2005 10:03:28 PM
Post #of 102
Ah yes, this just keeps getting better...
Hey Wolfandbear, and Freemoney: thanks for the comments!
SWKJ is setting up in classic fashion. I love this stuff. Probably one of the best plays of the Fall. Holding at the 50-day exp MA after a gap-up and partial retracement. Very positive sign, which is partially why money showed up today, again on a Monday. Closed at HOD, or close to it, so expect a bump up to mid (maybe high) .05`s tomorrow AM, with minor selling by weak hands who failed to pull the trigger on Sept 12th. However, this week should be the building of this new base between .045 and .06. Don`t mean to be so technical, and I know some traders don`t believe in charts for pennies, but it`s really just machine language of the stock`s behavior, and a LOT can be gleaned from it. If PRs of continued positive development are released once a week or so, it`s my humble opinion we will continue to see this kind of climb, ie: big gains on large volume, followed by slight retracements, followed by reduced volume and a stablizided PPS, then repeat. My guess is next move to .10 with new base at .06, maybe .07, possibly by month`s end (only 9 more trading days). However, if SWKJ comes out with news of locked Thailand govt. contracts, and by that time the PPS has set a good base in the .04-.05 area, then a move to the .35-.40 range
is not at all uncommon. The low float is the big factor and its hard to say the extent of the move, but it will be significant. Today was a clear sign that bigger money was waiting on the sidelines for the right time to get in. I mean, a 22% move on no news? Word is out and eyes are on this one. There will be more of this going forward and it might get a little bumpy, but I say strap in, buckle up, hold on tight to your shares, and allow yourself to be patient.CF
0,35$ bis 0,40$ nach Big-News
