Teletek: Big Earnings About To Be Posted Message Board

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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted

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To: David Luckie who wrote (992)	5/17/1996 6:26:00 PM
From: Will Cunningham	of 1014

Am I wrong in assuming that a "real" support on this thing based on 100 day average is around $5? There is a huge gap started in February that starts at $5 and goes straight up to $7 and then $9. This must create excellent trading opps. However, I agree that something seems imminent for the technicals on the stock. Either the holders will hold or the fear-bleeding of the past two weeks will end. From a chart I looked at there seems to be a period from Feb. 15 to around March 15 where the stock had a trough followed by a nice upside and then the repeat occurred between around March 15 to approx. April 15. Now TLTK is again a trough from the high of $9.3 and it seems that Weds. of next week (approx.) could be an interesting day. This is only based on a short historical situation though.

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