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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce
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To: Andrew H who wrote (580)7/16/1998 1:36:00 PM
From: Andrew H  Read Replies (1) of 2752
 
We will have to see where it closes but TSQD appears to have broken out of its recent trading range of 2.3 to 3.3 and resistance around 3.25 to 3.3. Volume is increasing daily as more investors begin to understand about the implications of its ownership of DRIV.

Once 4 is broken, there is no overhead resistance (for those that put faith in TA). Of course the fundamentals here dwarf technical analysis. Remember each share of TSQD is the equivalent of .48 shares of DRIV. Is there anyone who does not think that DRIV will be at least 20 within a month of its IPO? With all the alliances they have been making recently, I would not be surprised to see them at 40 or 50 within a few months, the way internet stocks are performing.

That would mean a huge gain for TSQD, even factoring in a good market discount.

TSQD may not be a sure thing, but IMO, the reward to risk ratio is considerably higher than most stocks on any exchange.
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