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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Wally who wrote (641)1/16/1998 9:30:00 PM
From: bgavlick  Read Replies (1) of 6931
 
Lets all remember that TSIS just became profitable as of Mid December with only one of the seven teleconferencing divisions of AT&T. The stock price is reflective of the old addage "buy on rumor, sell on news". I think we all agree that patience is key to our sanity now. As far as the recent selling that has been going on, there are only two scenerios I can come up with. One being that maybe some of those people that got in at .15 -.20 last year may have sold some shares or possibly one or two of the company insiders that are no longer employed at TSIS may have sold some shares (I'm just speculating). In such case I think that to be very foolish to get only .30 or so a share for their trouble. In any case this does benefit us all to get more at these price levels, I actually recieved calls from 4-5 of my customers (I'm self employed in sales) who have been tracking TSIS and bought this week. A few months ago there was no way I would have thought I could get shares at .33 cents especially with all the developements coming up this year
Watching the ticker tells alot about whats going on. The shorts cleared out on Dec. 31 and then jumped back on when they saw the selling start on monday. My guess is the selling will probably stop here very soon and the shorters that are left will cover again when they realize there is not much more downside left here.
When I was on the phone with Don Cameron last night he mentioned that Scott was sick with that darn flu that has been going around and hasn't been in the office all week, that may account for no response from him lately. Have a great weekend everyone....Bill
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