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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?


To: scouser who wrote (526)4/8/1999 3:30:00 PM
From: John Trudeau  Read Replies (2) | Respond to of 1762
 
scouser, what kind of news is imminent? Why do you say this? I spoke with the Co. yesterday, and I know they are - as usual, pursuing various possibilities with large Telcos... but, they gave me no indication that anything of interest was close. I think you may be onto something, but I can't say why. Send me a private message if you don't feel comfortable devulging speculative info on the forum.

They did say, however, that the dust is starting to settle from the consolidation of the three ministries in China into one, and sales should be back up in about three months. The Fibersmart trials are progressing well in Shanghai etc.

I checked the Wilder RSI indicator, one of my favourites for picking a stock's bottom.... Unless someone steps up to the plate to buy some more stock, I think we might be in for a new low. This, IMO, is OK, as it would be (a) a good buying opportunity (b) a classic head and shoulders pattern... one of the most reliable/trusted technical indicators out there.

Thanks for the info.

JT