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To: eleebee who wrote (6872)12/4/1997 10:44:00 PM
From: TokyoMex  Read Replies (2) | Respond to of 31646
 
New Republic ?
A great debate by Noris on AOL. I enjoyed it immensely and thought you would too.

Subject: Re: consolidating??
Date: Thu, Dec 4, 1997 22:23 EST
From: Norris 71
Message-id: <19971205032300.WAA04865@ladder01.news.aol.com>

>>I think a stock that trades between 6 and 6 3/4 for a month where volume has virtually dried up in the last week is not very exciting. Especially in an up market. <<

TPRO has been in a well defined base for a good deal of time. If you consider a company "exciting" only when it is hitting a new high every day, no TPRO is not an exciting stock (but then under that classification, a lot of stocks aren't exciting). If volatility is what you consider exciting, again, TPRO isn't your stock. Sure it jumped from 1 to 6 in about a month's time, but before and after that jump, TPRO has been mostly basing. Volatility
is something most shareholder's don't want. With increased volatility comes increased risk. And unless you're a day trader, volatility is something you avoid. So depending on how you define "exciting," TPRO might not equate. It certainly is "exciting" in the category of potential appreciation versus risk, and in my book that's all that counts.
Of course it's extremely healthy to build support in these areas before advancing. I also wouldn't dare classify the current market environment as an *up* market. The only companies hitting new highs are the blue chips. Take a look at a small cap portfolio and try to find some that have done well. TPRO actually held up well when the market turned south in October. It remained in its basing pattern which has held above 6.00 for almost a
month.

>>If this is not a yawner then I wonder if you would define excitement to me.<<

Look above

>>Now don't get me wrong I am not negative on TPRO, but I still can't see what all the hullabaloo is all about at this time.<<

With all due respect, I think this board has done an excellent job of explaining "what all the hullabaloo is all about." We've explained the y2k problems, the MIS side of it, and the factory level. There are verbatim transcripts of the conference call where the CEO explains how well their marketing department has done (average time is 2 weeks and no one has turned them down). We've explained the size of the market. We've explained TPRO's
competitors. We've explained how TPRO can't even meet the entire market demand so other companies are being trained to help fix (of course TPRO will receive revenue from these sources). When all else fails, we've directed many people to the SI research site which is top notch IMO (if you have the time). If you still don't see "what all the hullabaloo is all about," you shouldn't be holding shares in the company.

>>There are a hell of a lot more shares outstanding now and it will take time for them to be
absorbed by new buyers. Also there will be a lot of profit taking.<<

I disagree. Yes, there are a lot more shares outstanding now than before. That capital, I assure you, is being put to good use. It's being used to expand the rapid demand for y2k products. CEO Jenkins explained that companies were in their budgeting processses for fiscal '98 and TPRO was able to show them demos which made the choice for them much easier.
I seriously doubt there will be a lot of profit taking in the near future. Anyone who bought in the 1s or 2s and planned on selling is already probably out. Most of our buyers have been in the 5s and 6s. I don't believe that at the first sign of movement, we'll face considerable amount of selling pressure. That's why basing is so healthy.

>>Where are the new buyers coming from Norris? They haven't been around for many weeks now. Why not? Are we the only ones who know this story? I doubt that.<<

New buyers will not be a problem. As the public becomes more aware of the problem, they'll better understand how TPRO stands to benefit so greatly. Buyers have been around - how else could we maintain these levels?
Of course we aren't the only ones that know the story. With an average daily volume in the 400k area (and much higher than that before), a lot of people seem to know their story. But I'm sure many are skeptical just like you - waiting for that earnings announcement or news to pull the trigger and increase or initiate positions. That's why I believe once the news is out, there won't be much time at all to get any shares at a good price.

>>Or is the stock fully valued at this price at this time? If the stock was 4 I could get excited at 6 and change, big deal. <<

Some here have suggested that TPRO's base business is at least worth 6 bucks - and I agree with them. Did you see the revenue growth in the last quarter (only 100k from y2k related services/products)? Assuming y2k did not exist and amortization and depreciation were subtracted out, TPRO would have reported a profit. TPRO made that Oct 15th deadline as promised weeks before. Not bad...not bad at all. The reason we are so excited is not because
we have a distinct price in mind where TPRO belongs. It's because its potential is so huge, it's hard to even label a dollar amount without speculating a lot. If the y2k is as big as most believe it to be, being in at 6$ is *a lot* to be excited about.

>>All I am saying is without some news and/or revenue gains and perhaps profitability why would people run out and buy TPRO at this time<<

That's exactly my point. Why would anyone rush out and buy it just now. If that were the case, we wouldn't be basing. It's obvious most are waiting news/and or earnings. At least we can agree on that.

>>That is simply my opinion and I am sorry if I offend the bulls on the board. <<

IMHO, it is offensive (at least to me) to imply that a non bullish opinion might offend some of us here. That's essentially saying we only want to hear "the good side" of things. There isn't much that you could do to offend us HPearl. And asking questions or giving your viewpoints certainly won't do it. We might disagree, but not be offended.

Conservatively Yours,
Raymond J. Norris



To: eleebee who wrote (6872)12/4/1997 11:22:00 PM
From: Gurupup  Read Replies (5) | Respond to of 31646
 
My mind says to keep my big mouth shut, but my big mouth wins again. You all are nuts in wasting so goddamn much time on the PP. It is history. Registration rights are commonplace in every offering no matte what kind. The only thing that is different in each one is the timing. If I am a buyer I want it yesterday, if I am the company I want it tomorrow.

BUT BUT BUT my friends, people can do a lot of things if they want to. Everyone wants to know who these buyers are. Let's say it was 7 of the Apostles, Who cares? Would you really buy 1mm shares to flip it up $3/4 of a dollar, maybe, but I doubt it.

We are all bored, dissapointed, I agree with that, but this is idle waste of time. We need news, we need new blood, not our own. I spoke to the company, and I am comfortable, bored, but comfortable. When we get some news, everything will be fine, and we can go back to gigggling and giving high fives again. Let's put the damn PP to bed.