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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted

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To: Michael Hillman who wrote (214)2/24/1996 2:28:00 AM
From: puzzlecraft   of 1014
 
Bill: There are two things regarding TLTK I'd like to discuss.

1) Looking back to the week TLTK started the current move
(the week of October 16 '95) I see that the stock in it's move
from the Friday 10/13/95 close of just 21/32 to this week's close of
4 13/16 has....

DayOfWeek #Ups #Downs #Unch AvgVol SumOfChanges
-------- ----- ------ ----- -------- ------------
Monday 7 7 2 344,400 +0.8750
Tuesday 8 8 3 386,000 +1.125
Wednesday 9 7 3 379,300 +1.15625
Thursday 7 7 4 440,300 +0.03125
Friday 11 6 3 297,600 +0.96875

I see every day but Thursday each contributed about a point
to the big move. Friday has the most advancing days although
the lightest volume. TLTK has been up for the last seven
consecutive Fridays. So I don't see what you meant that if
TLTK follows "form" it should have backed off on 2/23/96.
Were you speaking for small stocks like TLTK in general?

2) Do you have any idea how often a given share is traded?
For example, today (Friday 2/23), 651,500 shares traded. How many
different shares do you think that represents? You seem to be a
day trader... how often do you buy and sell TLTK within a given day when
the going is good? Basically I'm trying
to figure out how many different shares have been bought for at least
$3.00 a share. The volume in the last two weeks (since 2/12/96) totals
8,261,200 shares and the stock has not traded below $3.00 shares during
this time. How many different shares do you think have traded?
(I have no idea).

John
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