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

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To: Judy who wrote (640)3/20/1996 8:21:00 PM
From: Philip H. Lee   of 1014
 
I also bought TLTK near today's close.

Traditionally I would touch a stock that's 1) down a lot, 2) on very high volume, with 3) no news. However, it looked like a normal retracement to the 15-day Moving Avg on the charts. I also trust the smart people here!

I don't know too much about TLTK's exact business & competitors, but it looks like it's a good story. If TLTK breaks below the 30-day Moving Avg, I'm out. That's usually my approach to stocks I don't know well...cut losses!
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