I didn't feel good with my short response yesterday since my readership is picking up again so want to mention a few things to my readers out there. First, please write and ask me anything that is on your mind. It helps me know what people want to read and if I'm presenting the information in a clear and meaningful way.
NCEN ,as mentioned, is a penny stock trading at 1.05 presently. It is not a trading stock and may linger for awhile, but it was a 5 stock at one time in a sector that is growing and has the huge financial support of Boone Pickens as well as the US government (that alone makes the sector investable). The clear technical is that volume increases on up days and higher lows - it is not too complicated just patience is required.
To add additional support to that simple method, please look at Pluristem (PSTI) it ran and lingered but then CRASHED, but why? The stock was bullish but then the issuance of new shares drove it down. So in my mind the technical bullish case led to $3 million more in the bank and additional time for PSTI to show its stem cell research as viable.
As an investor, you are looking for clues that may help in tilting the odds in one's favor. I believe that and experience brought me to writing and getting feedback on NCEN. On a down note, BYOC showed that a bounce couldn't happen due to the heavy sell volume. So it is a simple, viable strategy with numerous caveats concerning penny stocks.
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