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Technology Stocks : TSR, Inc. [TSRI] Good Earnings!

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To: Qiang Ye who wrote (1)6/1/1996 8:25:00 PM
From: Jacob S. Rosenberg   of 281
 
I sold the stock some time ago.

If you check the date on my original message it was 1 Sept. 1995. I sold the stock at about 9 1/2. Then the stock went into the tank and went way down to about 5. I have not been following it since. Of course that is rather unfortunate since it went up to 21 as you say!

No I don't believe in rumors, but I can tell you why the stock tanked last time. The president of the company indicated that earnings would suffer because of changes in business conditions and that the firm would have to completely abandon its home care nursing business because they were being squeezed by HMOs.

Best wishes,

Jacob Rosenberg
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