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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Sergio H who wrote (9530)12/21/1997 1:15:00 PM
From: Tom Hua   of 79415
 
Also keeping an eye on TEAL. Waiting for that one to turn the corner
and then jumping in.


Sergio, as you know, TEAL has no debt, $3.1/share in cash, and a book value of $3.7. Company has undergone restructuring. Good news is TriTeal's products are considered very good by users as well as trade magazines. Company needs to demonstrate better sales execution. Stock is now under $2. It's gonna jump on any evidence of a turnaround. It may be safer to wait after that jump (possibly 30%) as it will subsequently go higher. On the other hand, at current level, it's hard to see much downside risk.

Regards,

Tom
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