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Microcap & Penny Stocks : Telesciences TLSI formerly know as Axiom Inc. AXIM -- Ignore unavailable to you. Want to Upgrade?


To: John Ritter who wrote (62)12/8/1997 7:44:00 PM
From: kvogel  Read Replies (1) | Respond to of 156
 
John,
Almost all volume traded at end of day. Two blocks of 5000 shs at 5. Someone has been trying to buy 4500 shs all day at 5 and didn't get so if anyone wants to buy I would go to 5 1/16 or 5 1/8.

Karl



To: John Ritter who wrote (62)12/8/1997 8:03:00 PM
From: Susan Saline  Respond to of 156
 
The chart looks terrible.
No buyers, but also no sellers, hence the minimal volumn.
Is this a buy point? hmmm, I thought 5 5/8 was a buy point, so now I am not sure.

Appears to have made a new base here, the past few days, like it did in mid-Nov.

I bot the last shares at 5 5/8. I had a mental stop loss at 5 3/8, which I did not follow through on, so am still holding.

So I would recommend a stop loss to you, 1/4 below your buy point, as there is no support in sight if this does fall farther. If you want it, should be easy to obtain with a limit order at 5.00. If it goes below 5.00, I don't know that I would buy it.
The low volumn suggests that the majority of selling is over. This would move nicely on any decent news, as is usual with stocks with a small float.

I do not expect a significant move, up or down, till after the 1st of Jan. I am watching several stocks like this and am in no big hurry to get in them due to tax selling period.

You might look at the CKSG chart, it has based nicely and appears ready to start closing the gap. Just watch it , don't jump right in unless you keep a 1/4 stop below buy price, because any downward movement could cause it to fall back to support at 12 7/8.
CKSG I am in at 13.75, I bot too early, but the chart looks much better now.

Good luck to you, Sue