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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: Stephen Nelson who wrote (2112)	5/15/1998 9:32:00 AM
From: John S. Baker	Read Replies (1) \| Respond to of 6931

Personal opinion -- since most technical indicators are actually ways of measuring or presenting the ebb and flow of supply and demand, I consider the number of individual trades to be more important than the total dollar volume in determining whether the stock is "big enough" to use TA indicators. And the answer for TSIS is "probably not big enough yet" -- but these TA discussions are a pleasant enough way to pass time while the market is closed <grin>. Thinly traded stocks and small cap stocks seem to be driven more by news than by the more fundamental aspects. And TA can measure the sudden effect of NEWS! only if the news is leaked or if there is general consensus (ie news already discounted) which doesn't happen. <My perspective on TSIS is as a long -- 12-18 months or more. I do not consider this a trading stock.>