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Microcap & Penny Stocks : Transnet-TRNT

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To: prosperous who wrote (18)7/10/1996 2:06:00 AM
From: Khris Vogel   of 140
 
Hemant, what kind of flames are being shot Bob's way? I don't wander into the usenets often due to time considerations (i.e., I value my time, and I doubt 80% of those there value their's). I, for one, greatly appreciate the effort Bob put forward.
I agree with you as to your $1m question. In these stocks, sometimes it feels like price movement is based on 95% garbage, 5% fundamentals. I'm guessing the continuing sales and earnings growth will do the job, but getting pro money mgrs. and private investors can be tough.
No crystal ball here, but I do believe the stock will move eventually upon operating results in time.
Unless you become aware of a change in the fundamentals or of a rev./EPS shortfall, I'd say try to hang on for up to a quarter or two then re-evaluate your feelings again. In the meantime, the financial press may very well report on the co. (see the Nov. '95 issue of Individual Investor for a good write-up on TRNT).
Good luck,
Khris
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