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

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To: Lucas Hsu who wrote (778)3/29/1996 7:29:00 AM
From: Tony Harper   of 1014
 
Lucas,

I am interested in day trading but so far haven't had the guts. What are standard TA tools?

I think, since we had the run to 7 1/2 yesterday we will see some profit taking early today. This will drive the price down, maybe to mid $6s. Assuming this happens, one could sell this morning, buy back in later this afternoon and be ahead of the game. But if I'm wrong, and the sell off doesn't drive the price down. I've given up my shares, forcing me to buy them back at a higher price and maybe miss the next leg of the runup. Is this what day trading all about??? You guys must have guts of steel!!!
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