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Microcap & Penny Stocks : Microtel, benefitting from the Telecom Bill

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To: BlueCheap who wrote (122)9/14/1999 10:12:00 PM
From: GARY P GROBBEL  Read Replies (2) of 189
 
M...I think a number of investors have given up here. This point in the cycle is usually accompanied by almost total disillusionment and a desire to rid oneself of the stock no matter what the loss is.

Fortunately for me I see this particular point in time a bit differently. The company has shed itself of some of the loss leading divisions already and a couple more are on the way out. When dealing with a turnaround scenario there are two things that take place in the same general time period...the stock price lurches towards the floor as people toss in their tickets and the subject company is getting off the floor and finding its legs again. I have seen this time and time again.

There were some special items in the DTSX numbers but overall things are improving there. And MCTL has almost completed their housecleaning. I hope to get in touch w/them tomorrow and see how things are progressing.

This could be one of those 'buy it when nobody wants it and sell it when they can't get enough' situations. Will let you know.

gpg
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