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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!!
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To: Bob Davis who wrote (597)4/26/2000 11:28:00 AM
From: Bob Davis  Read Replies (1) of 601
 
TASA was discussed in the April 9th issue of Notes. "Every time I think that this run-up is over, the stock finds more strength and continues upward. From a fundamental viewpoint, at $4.25 per share, it is now well in excess of its intrinsic value. And from a technical viewpoint, its momentum-based indicators are signaling that it is "overbought", while its volume-based indicators are sending out very mixed signals. If I still owned TASA (which I do not, having sold all of my stocks so as to eliminate any conflicts of interest...), I would be prepared to sell, and would probably set a mental stop somewhere just below the $4.00 level, but not at $4.00 which might become an overly popular selling point."

For a link to The Napeague Letter's free web site, click on the blue "Bob Davis" at the top of this post.

Bob Davis
The Napeague Letter
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