I'm saying that we could get a "dead cat" bounce out of the market, especially if the Fed eases a bit, and we'll see a rebound to 8000 or so (if we're lucky) but the other shoe of the pending bear market may be bigger than the first.
I've been saying for several weeks that TSIS would go back into the .50's in September, and I still feel that way. I won't sell at the current levels, but I will use a good bounce (double from where we are now) to sell.
I really am concerned for the market overall (and I've been a bull since the early 80's). I expected many on this thread to attack me for even suggesting that they consider selling TSIS on a bounce in the market. I don't blame you for your reactions at all. If I really didn't think it very likely that very bad bear market was really upon us, I wouldn't have even mentioned it. Suppose, 3 months from now that TSIS is at 10 cents a share and the DOW at 5500. Wouldn't you rather buy back in then? TSIS is a great company, with a great future, but it would follow the market down like everybody else if that is where the market is headed.
But regardless of whether I'm right or wrong, take a look at the pages I've given out in my previous post. I have no malicious intent at all in my post. I've talked with some of you by phone and you know that I'm a straight shooter. I still own 102,000 shares of TSIS at an average purchase price of .42. If TSIS and the market take a bounce upward (and the world economic situation is still the same) I will definitely sell. If we just slowly slide down to .10 from here, without a bounce I probably won't sell.
One more page to check out: www.elliottwave.com
As always, I sincerely wish us all the best. I'm bullish on TSIS (as a company) but fearful of what could be a hungry bear loose in the world for a while...and it will be better to remember the adage "Cash is King!", because after this bear is through, some serious fortunes will be made for those who HAVE THE CASH!
R. Gates |
