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Microcap & Penny Stocks : TPII explosive growth potential

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To: David Pesetsky who wrote (77)1/19/1997 10:04:00 AM
From: Rich Scharf   of 511
 
Dave,
I bailed out at 1.75. Haven't made any profits on stocks for awhile so I thought I'd take the profits and run. (75% in two weeks). Now that I'm out, this stock should really fly. I'm doing you guys a favor.
When I first bought this this stock, it quickly followed the Scharf principle of stock investing (Scharf Principle: Any stock invested in will quickly drop 50% in value - note the drop from 1.03 to .56) However, this principle seems to have been overidden by Murphy's Law
(i.e. Shawn Murphy - ref "the picks" on SI). I bailed out and got into PRGS. We'll see how that goes, already in the black on that, could this be a new trend??.

I like the prospects of this stock. I'd like to see it settle and then maybe it will be time to jump back in again. I'm betting the ask will go down to one dollar again.

Oh, My take on why the big drop at the end of the session. Investors saw the E-mail address of the PR guy at "aol.com" and it spooked them. Gotta wonder about someone using that service.

Best of luck,
Rich

...where's my spell checker button?
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