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

To: Tai Jin who wrote (3114)	7/15/1998 8:52:00 AM
From: John S. Baker	Respond to of 6931

Welcome to the TSIS board. I agree that there is some evidence that TSIS is under accumulation and has been so since early May. I base this on the Money Flow chart. It shows that the MFI value for TSIS has doubled since very early May while the stock price has changed only imperceptibly. For lurkers, MFI tracks buying and selling pressure, scaled by the size of each transaction. Hence some believe it tracks the flow of so-called "smart money" (weighted toward larger, probably institutional, purchases) into and out of a stock, as opposed to On Balance Volume (OBV) which tracks the flow of all money (combining institutional buying and retail buyers). MFI generally is less suspect, when applied to low-priced and thinly-traded stocks, than are many of the other technical indicators. What does this mean? I believe it means that there is slow accumulation by buyers who are buying larger chunks of the stock at a time. Accompanied by the lack of any significant price increase, this represents a "buying opportuinity". There is a site which automatically plots MFI (among other indicators). Go to bigcharts.com and select "money flow" under the Lower Indicator. Default is 12 months. For TSIS, the effect is more easily seen in the 6-month chart. Happy Due Diligence. > Despite the lack of upward movement in the stock, I believe it is actually under accumulation according to acc/dis. <