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: JW@KSC who wrote (844)	4/14/1996 5:06:00 PM
From: Roger Brown	of 1014

Jim: Re: Volume Even if volume is up...this is not a sure sign by any stretch of the imagination. In a situation such as AMTX, it kind of resembles what TLTK did earlier. Their volume was great when it closed at $9.22 only to spiral down to normal levels. Moreover, volume isn't as good as a sign as others such as RSI from what i can tell...Volume doesn't predict Ascend Comm. very well at all but RSI is great...same with TLTK. YOu might want to chart it back 80 days...and see how the RSI has changed in the past 2 weeks because their is more downside in AMTX in the short run than TLTK in my opinion. What's holding AMTX up? A belief that they can bring in revenues and earnings...we've all seen that this is not a aure way to hold a stock for the long run. But RSI could help tell you how far out $15 really is. Even if TLTK doubles from the present $7 to $14 over the next 7 days by $1 per day...it's RSI is equal to what it was the day it closed at $7.83 before rising to $9.22... I explain RSI a little more in the TLTK: RElaxed and HOlding thread...good luck and i hope AMTX keeps going up.....just using stats helps keep the emotions out of it during swings...

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