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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Skip_S who wrote (5622)3/24/1999 1:51:00 AM
From: John S. Baker  Read Replies (1) of 6931
 
"As for resistance in the low to mid 50 cent range. I don't agree with Mr Baker. Allot of the week hands sold out in Dec & Jan."

Your hunch may very well be right. Only time and trading action will tell.

"As for last summer,probably 50 to 70 percent of the volume was Scott dumping shares after press releases. That volume is now gone and we now have a real up trend."

This illustrates my comment about the need to select very carefully the time frame over which one makes his calculations. The company now is a very different one from what it was back during the days of inept stock manipulations. FWIW, that is why I personally select the time frame from October 98 onward for any efforts to calculate overall accumulation or distribution via MFI.

We shall continue to disagree (civilly, of course) regarding whether to consider pre-October sales in any consideration of resistance and support. My reason for considering them is because they are real sales ... to the extent that Scott was not selling shares to himself. Or, at least one half of each transaction was real.

For anyone who really has cared to wade through all this TA stuff, here is the MFI line since October referred to above. The bright side is that the long period of distribution shows bright signs of changing into accumulation. And accumulation over a longish period of time usually leads to higher prices.

Good night, all <yawn>

JSb.
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