Sue,
Believe it or not, in regard to TRTC, the SI people did not cause the volume. Further, as there are few posters here, I have a hard time believing that the SI people were shorting based on this press release.
Monday will be interesting. Although I do not have my copy yet, TRTC should be getting increased recognition as it is again in Friday's IBD and should be again next friday if it is up Mon-thur next week.
Further, as it will split on 10/7 and has crossed $12, it will show up on more screens.
We should also get a positive press release when/if (IMHO it is far more when than if) the Universal acquisition is finalized.
I really believe this is a good play and, unlike many other stocks, you have many fundamentals (split/vol/low p/e, peg, p/s, cash) on your side.
For what it is worth a SI TA "guy" indicates his opinion as follows regarding TRTC:
<<<<To: Stephen Adnan (4588 )
From: Doug R
Oct 4 1997 3:12PM EST
Reply #4761 of 4812
Steve,
TRTC could get to 18 by the end of next week but I will need to add Monday's activity to the data to get a more definitive picture.
Doug R >>>>>
This guy also believes that Monday's reaction to the price drop will be important.
See ya tommorow.
Stephen |
