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: Judy who wrote (682)	3/21/1996 12:42:00 PM
From: Philip H. Lee	of 1014

Judy, I just sold my TLTK at 7 1/4 for a tiny one-day loss. I'll post any Bloomberg info on TLTK if I come across it. The short-term technicals on TLTK look bad. Yesterday there was heavy selling by a large investor, then I noticed heavy buying by small investors afterwards. Today, TLTK is still going down, and most importantly, it's NOT recovering. I trust that the big guy who sold yesterday knows more; they aren't stupid. They wouldn't sell unless they feel that TLTK is getting risky, and the easy money already has been made. TLTK's risk-reward ratio isn't favorable here I have better stocks to put my money in. When it comes to stocks I don't know thoroughly (like TLTK), I preselect them based on expert opinions, then trade purely on technicals. One can't be a long-term investor if one doesn't know most everything that's going on. All those people who bought MU and INTC near 80 on a "long-term story" know what I'm talking about. The lesson is: Forget the long-term; when tech stocks go down, they go down a lot. It doesn't make sense to hold on (unless you know most everything, and thus can be comfortable).

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