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

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To: MakeMoney who wrote (3683)9/7/1998 1:54:00 AM
From: R. Gates  Read Replies (2) of 6931
 
Makemoney,

The Russell 2000 lead the way down on this one. In fact, AS A GROUP, microcaps (including BB's) do in fact behave very much like the Russell 2000. The behavior of small company stocks have been warning that something has been "up" for a few months. Any person who has invested in small caps the last few months has seen that. The overall advance/decline line has been weak even on "up" days in the market.

The world's financial situation may get worse before it gets better. That was the purpose of my first post. The risk may not be worth the reward for right now. This is of course just speculation but the odds look favorable.

As far as TSIS is concerned. I won't sell now because I think we might very well see a good bounce soon. I've been a champion of this company for many months and will remain a champion of Interactive Telesis. I happen to own a large chunk of shares, so it's not a few hundred dollars that I'm concerned with. I believe that SOMEDAY TSIS stock will be worth several dollars a share.

I am not one to invest on emotion. I look at all the facts and balance risk and reward. TSIS remains one of the best quality BB's that I've ever found, but that doesn't mean that it can't fall to 10 cents a share if the overall market takes a dive another 20 or 30 percent.

Many of my friends who also invest laughed at me a month ago when I suggested that the DOW could fall below 8000. No way they said, there's "just too much money pouring into the market". Many of the newcomers to the market have never seen a bear market-- a real bear market, not just a correction. I've never seen one myself. But, having done much research over the past few months, I'm convinced that we may be entering one in a big way. The sites I listed in my previous post were meant to help those who are so inclined to look at the facts for themselves.

Best of luck,

R. Gates
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