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Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: john b who wrote (4438)	7/14/1998 10:44:00 PM
From: DDS-OMS	Read Replies (1) \| Respond to of 6467

John, The 5/8 low today was at the bid, and the asked didn't get below 11/16, so didn't get filled--probably tomorrow at the rate it's slowly going down. Don't know if that's the low or not, but this selloff is, IMO, overdone if solely due to loss of contempt case. The fine was minimal, and will be zero if TTRIF turns over documents by Friday that satisfy the court. Is the Reg D selling over? Chart doesn't indicate that it's over. Even though Rene said no more would be drawn down, where is the money coming from with the apparently unexpected delay in permanent financing? To me, the loss of this contempt case was a forgone conclusion, and I likewise doubt any damages awarded will be onerous to TTRIF either. Apparently, the "market" doesn't see it that way<g>. I'll leave the GTC order in, not betting the farm that this is a low, but should stabilize or consolidate here. If turns, resistance is about $.97--so looking for a short term trade. Stochastics are a well known and used indicator of oversold or overbought status. In GET, the default is 14,3,3 days. When it's oversold and the %K turns above the %D after both have been below 20, this is a buy signal. GET's new windows version has a new twist to try to remove "noise" causing false buys or sells. They call this their "false bar", which means when this bar is shown above the stochastic, disregard any buy or sell signal normally accepted. TTRIF has had a "false bar" since June 6th, and on June 29 the stochastic was 28/20, or a buy signal otherwise. The false bar is still in effect, so no matter how oversold TTRIF becomes, can't expect a rebound from this alone--meaning there is nothing to indicate a turnaround yet. Am NOT recommending a buy here--only that there is technical support at this price---but that support CAN be broken on the downside. TTRIF has disappointed so often, so much, so resolutely, with incredible dilution that shows no regard for investors that I could not recommend buying it to anyone. When I first started buying TTRIF (about 3 years ago), the shares outstanding were 8 million---one-tenth of what it is now. Based on market cap--the stock is selling for $7 now if shares outstanding were still 8 million. Of course, a 1-10 reverse split would bring it up to $7--for a little while, at least.<g> I imagine TTRIF has received NASDAQ warning since it has been below $1 for 30 days. Price has to be above $1 for 10 consecutive days sometime during the next 90 days, or delisting could occur. Waiver can be asked for, perhaps based on assets, but if denied, I'm sure Rene would do a reverse split to get it above $1 rather than see TTRIF delisted. The history of reverse splits is that they drop about 50% shortly after the split. Regards, Gary