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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted
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To: Jimmy A. Croom who wrote (456)3/16/1996 10:15:00 PM
From: David Luckie   of 1014
 
My expectations are that a pullback is in order, but I don't know where or how far it will go. The stock formed a double top at $7.00 on 3/14, which are generally followed by corrections during which support levels can be tested.

But with the momentum that this stock has, $7.00 could be blown right through and the stock could literally take off. We're just going to have to watch it and see what it does. I'm definitely a buyer here. I just want to get it a little cheaper or see it trade sideways for a week or so.
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