To: RavenCrazy who wrote (13454 ) 12/27/1998 2:17:00 PM From: slaffe Read Replies (3) | Respond to of 44908
And I will take a stab at your question. While digging thru poisontasters site I found this.www2.techstocks.com For the newcomers here, the chart swami that dixie is referring to here is Mskihntr, our resident ta expert. Mskihntr is a professional stock broker and I always slow down and read his posts with a great deal of interest. Even tho this post is dated 8/27/98, four months ago, I find it interesting that at the end of this post he statesThe only problem with any or all of the above scenarios is that I cannot put a time frame on when this upside breakout will occur. But I can say with some conviction that when this stock takes out 0.36, then 0.39 and finally 0.41 on a closing basis you better be long because you probably won't see these prices again for a long time. We have not taken out these highs until recently. If you are considering buying another chunk, imo, I would not wait for a dip of a pennie or two, which we may see in view of tax selling/profit taking season etc. Imho, in 99 we will truly see large gains for tsig and will remember those days when we could have bought tsig for less than the price of a candy bar. I recently had a young (very young) fellow come up to me and said, Steve, I've been hearing you talk about tsig for a long time now and I want to buy some, how much can I buy for $350? At the time tsig was .32. I said great that's a good idea, you can buy 1k shares and put it in an ira for your retirement. Shortly afterwards tsig went to .55 . This young man had no idea how to open an account, or any knowledge of the types of ira's available. In the time that has since passed (two weeks) he finally has his acct opened and funded and has a gtc order at .46. I cite this example has a example of what can happen when you find an opportunity that is like a coiled spring and for one reason or another wait for your acct to be opened, or for a dip of a few pennies. But then again, what do I know? I projected a hi of the year of 3.25 and closing the year at 1.25. At the time tsig was .325, I thought that some sort of the long awaited money making pr was imminent and figured a tenfold increase was warranted. While I am disappointed that we didn't get the bang out of the br pr that we all expected, which I am going to address in my next post, the year is still not over, we may very well see 1.25 before year end. In short if are considering buying a chunk now, imho I would not quibble over a few pennies. Steve