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

To: John S. Baker who wrote (5624)	3/26/1999 12:26:00 AM
From: Tai Jin	Read Replies (1) \| Respond to of 6931

I happen to agree with JSb. TSIS has been in an orderly decline over the past year with the exception of a big drop in Aug from about the .50 level. There also appears to be a gap from the low .30s up to .50+ in the Jan-Apr time frame. If my chart is correct then many shares were bought at .50+ from that time until the sharp decline in Aug which would have left many of investors holding the stock. Therefore, one can surmise that those investors may want to get out at this level if they haven't already. That's why we consider the .50-.55 range to offer significant resistance. The next resistance level which may not be as significant as this one would appear to be in the .62-.70 range. One good thing from the weekly chart is that the descending triangle with a base around .25 reached its apex and broke the downtrend in Feb of this year. And the stock appears to have formed a double bottom as well. Given the bullish nature of the chart and technicals I'd say that we will make it through the .50+ resistance level. It's just a matter of when. ...tai