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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!!

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To: Bret P who wrote (200)3/3/1998 7:12:00 AM
From: Thomas Kirwin  Read Replies (2) of 601
 
WOW - Price & Volume (03/02/98)

Bret,

Thanks for your input regarding contract income, etc. IMHO - I believe that any possible acquisition will be accretive to earnings and not dilutive. This will only bolster the stock price if announced with full earnings and purchase cost disclosure of the company being acquired.

On March 2nd TASA hit 15/16 up 11%. The price was pegged at this intraday high most of the day until profit taking started after 1:30pm. Volume was just as interesting at 194,000 when on an average day only 59,045 shares trade hands.

Could this be "institutional" buying/interest as indicated by The Napeague Letter? Perhaps earnings are better than a penny? Just maybe there is some real good news?

Regards,

Tom
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