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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Kirwin who wrote (408)5/12/1998 6:02:00 PM
From: Bob Davis  Read Replies (1) | Respond to of 601
 
Tom,

Ah yes....the myth of T/A versus the realities of fundamental analysis.

The overhang that Mark is seeing on his charts was largely in the accounts of The Harrison Group, which has since gone out of business. The shares were transferred to another firm, Hanifen Imhoff, which specializes in liquidating this type of situation. It was these shares that came "out of the woodwork" in August of last year, when I first wrote about TASA. In other words, the "battlefield between 2.50-3.00" has already been fought, and the "good guys" won...

I agree that this move will probably run out of steam in the $1.75 area, but I feel that this year's third and fourth quarter results may give it new strength.

Bob Davis
The Napeague Letter
napeague.com