Teletek: Big Earnings About To Be Posted Message Board

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

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To: who wrote (389)	3/15/1996 8:12:00 AM
From: David Luckie	of 1014

I don't profess to be an expert on technical analysis, but that's what's known as a double top, and double tops are generally followed by a correction, during which the stock can test support levels. As I mentioned earlier, there are quite a few gaps to fill because the stock has had such a nice run. But, if the fundamentals are there and there is enough buying the stock could run right through that $7.00 mark today. I may be making a big mistake, but I think I'm going to hold out for a bit and see if some technical activity doesn't take this a bit lower. I like the stock, but it's been as strong as goat's breath this week...

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