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

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To: David Bleich who wrote (289)3/6/1996 7:25:00 PM
From: Jim Privat   of 1014
 
Thanks for the quick reply David.

I'm just starting to get more deeply involved in investing, and it's
very interesting and instructional to read how other people analyze
a situation. Your analysis of the shares of float and how much was
being traded was very interesting, and I guess goes a long way towards
explaining the behavior of a day like today (down 10%, then back up).

However, my question was based more from the point of view of someone
considering buying a little bit of TLTK before next week's announcement.
If next week's announcement publicizes information that most everybody
seems to know already (earnings much higher than earlier estimations), why
would a runup follow? Wouldn't today's price already reflect the
widespread knowledge of the good earnings?

Forgive me if I missed your point, but stock analysis on this micro
level is a new world to me, coming from the "buy HWP and hold it for
five years" school of investing. :)

Thanks,

Jim
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