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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!!
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To: Ralph Bergmann who wrote (405)5/12/1998 9:22:00 AM
From: Thomas Kirwin  Read Replies (1) of 601
 
TASA Technical Analysis (TA)

Ralph,

I requested and received some fantastic TA on TASA from a guru in this specialty. My level of respect and admiration for Mark's TA ability is very high. His short term projections are extremely accurate.

Here are the highlights of his TA for TASA:

1) "TASA was due for a pop! The technical term for this current rally is 'HV Thrust'. Translation according to Mark - the 6 to 10 day historical volatility was 50% under the 100 day volatility indicating a move to the upside as confirmed by the largest range expansion in the past 10 days."

2) "The recent move is pegged to lose steam in the $1.75 - $1.87 area as there are about 3 million shares of overhead there. True present volume, the 3 day = 91,966, compared to the 20 day at 60,200. TASA will need a long period of strong volume to take out that area."

3) "The 3 million shares does not appear to be the only overhead on the stock." If this area is ever broken the next level "looks like a battlefield between 2.50-3.00." Bottom line, "Too much overhead for Mark."

It will be very interesting to watch the above unfold. I am sure that we will all learn from this exercise.

Thanks Mark!

Regards,

Tom
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