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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Tai Jin who wrote (5493)3/13/1999 9:38:00 AM
From: John S. Baker  Read Replies (2) of 6931
 
I agree.

And as pointed out earlier, summing over the past 12 months, there is a *big* resistance line at about 55 cents.

Summing over 24 months, the bulk of all transactions occurred in the 45-60 cents range (so maybe some of this week's selling was two-year-holders?????)

Absent spectacular news (or maybe externally-verifiable, tangible steps toward becoming a reporting company) it will take a while to work through this potential "supply" at 55 cents.

JSb.
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