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Microcap & Penny Stocks : Transnet-TRNT

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To: Alan Wojtalik who wrote (74)	9/26/1996 8:26:00 PM
From: Michael Carey	of 140

TRNT had a nice rebound the last few days and although I am only an amateur at technical analysis I think the last week has been a classic example of the start of a nice bull move. We saw the stock make a huge percentage move, up over 50% in a very short time. Profit takers came in, the stock took a hit and now the under-lying buying strength is coming back in. Although one week does not make a trend, if you draw a trend line from the lows for the last week you see a correction that stays within the up channel. From a technical perspective I think we are looking good at this point. Any comments? Mike

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