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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted
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From: olduser5/18/1996 6:19:00 PM
   of 1014
 
CHTLE is a play on what we believe is going to be announced from a coopers & Lybrand audit. In addition, several major store chains have ordered product, WAL and COSCO which has not been announced. We know because we have insiders in the store chains who have reported the purchases and many people accross the country that have visited stores and discovered new displays of product. I have spoken to the buyer of Long Drugs, the first chain to take the product, and she says she uses product and it works. Furtheremore sales are good and returns are minimal. I have spoken to many otheres that also say product works great. Bottom line: Great growth great earnings, several announcements soon to be released.

I buy and accumulate CHTLE on dips, anticipating strong move following release of audit info. This is considerably different strategy from buying on technical merit which I also do regularly for short term trading situations. eg I purchased 2000 shares of DEL thurs am for 12.75, sold friday am for 14.875. Then shorted LASX fri am at 13.8125, presently holding that position perhaps sell mon-tue. These were technically timed trades based also on fundamentals. LASX looks like pure hype job, 10 years never made a profit, out of money, re-releasing announcements (apparently) to inflate stock price. Lots of Vague insinuendos mentioning large companies, but no concrete relationship of value (IMO). Also bout 40 mill outstanding and only 10 mill traded at new price. That means lots of shareholders holding big gains which means lots of selling still to come.

Hope this answers your questions.

Best of Luck

Steve
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