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


To: Skip_S who wrote (5622)3/24/1999 1:19:00 AM
From: francis terry  Read Replies (1) | Respond to of 6931
 
Well if my DTN machine is still working and it is believable we must have closed at .51 on 111k + . The free charts that you all are talking about are fine if you do not want to put to fine of a point on it. Now I have found that free stuff is worth about as much as you pay for it. If one is going to invest thousands of dollars in the market it only stands to reason to get the very best helps and aids that are available. And that includes charts that you can set the parameters any way you want to , looking at all kinds of ramifications. Then you have to be a good guesser and pick up all available information and you can still be wrong and end up red faced. I do agree that the weak sisters have already ben weeded out and we had better be prepared to get all we can of HITS and as soon as possible. I have to thank my friends that keep me up to date on day to day items that have or play a big part in a companies success. The trend is your friend and charts do not lie as much as people. So be happy and have good health and enjoy this game of penny stocks, as it is the only legal fun in town. ---friend francis terry



To: Skip_S who wrote (5622)3/24/1999 1:51:00 AM
From: John S. Baker  Read Replies (1) | Respond to of 6931
 
"As for resistance in the low to mid 50 cent range. I don't agree with Mr Baker. Allot of the week hands sold out in Dec & Jan."

Your hunch may very well be right. Only time and trading action will tell.

"As for last summer,probably 50 to 70 percent of the volume was Scott dumping shares after press releases. That volume is now gone and we now have a real up trend."

This illustrates my comment about the need to select very carefully the time frame over which one makes his calculations. The company now is a very different one from what it was back during the days of inept stock manipulations. FWIW, that is why I personally select the time frame from October 98 onward for any efforts to calculate overall accumulation or distribution via MFI.

We shall continue to disagree (civilly, of course) regarding whether to consider pre-October sales in any consideration of resistance and support. My reason for considering them is because they are real sales ... to the extent that Scott was not selling shares to himself. Or, at least one half of each transaction was real.

For anyone who really has cared to wade through all this TA stuff, here is the MFI line since October referred to above. The bright side is that the long period of distribution shows bright signs of changing into accumulation. And accumulation over a longish period of time usually leads to higher prices.

Good night, all <yawn>

JSb.