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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: Jamey who wrote (489)12/12/1997 12:53:00 AM
From: Loren S.  Read Replies (1) of 6931
 
I don't know about the last point made, but for those who are tying the trading in this stock to the overall market and what is happening in Asia, I say forget it. I trade nothing but penny stocks these days. I see very little connection between what happens in the DOW to what happens in pennies. The only time I saw a real connection was the 87 crash. Then a lot of pennies that were on shaky ground, were buried. I repeat my contention that this is purely tax loss selling. Look around at other popular pennies: RMIL (the sure thing short squeeze) $1.00 after highs above $3.00. MSHE, the stock that moved along with TSIS many months ago $.60 after highs above $2.00. NPEC, traded above $.20 just a few months ago now at $.04. OLEX trading at new lows of $.10. Whatever the merits of all of these stocks, the common thread is that they have all gotten massacred this December. Unlike most of the above stocks, TSIS has real deals and real revenues coming in. I say that $.40 is a damn good buy for this stock. We may never see these prices again.
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