TSIS: WHAT IS GOING ON? Message Board

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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: ozzi who wrote (3573)	8/27/1998 1:30:00 PM
From: BarbaraT	Read Replies (1) of 6931

Thanks Gary. I should have had a stop loss, but I have been burned so many times with them. When AOL was 85 I had a stop loss at 68, never expecting it to hit. Well, last year when the market went down around 500 points I could not get into my broker and cancel the stop and was stopped out. Anyway, the stock went as low as 67 and turned around and ended the day at 78. My purchase price was around 66 so I made really nothing. And since then, AOL has split and again will be splitting. The stops can work for you or against you. With TSIS, it is hindsight. My breakeven is around .50 so the only time I would have had a stop is when it was over .60 and I didn't do it then and the time is past. I have a paper loss on this one well over $50,000 (which is making me ill) but the light at the end of the tunnel for me is that I know it will recover and if I can find some cash I can possibly get my average down. Of course, to do average down more than a penny I will have to buy a large block. Buying even 50,000 shares at the current price will bring me down only 2 cents. On the other hand, when this thing finally goes up ... I will be rich!!!

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