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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: money@work who wrote (8074)	5/26/1999 3:52:00 PM
From: Charles Kalb	Read Replies (1) \| Respond to of 9824

To ALL.......At the 25-cent level we hit today the market has taken back 75% of the total gain from the low of 1-1/2 cents back in early January to April's high of $1.00. IMO a retracement of this level is relatively rare for a case where the fundamentals of a promising stock are fundamentally still in place. One can still get the TIPS dividend if one has the patience to hold TNRG awhile longer (consensus is August). Things didn't go smoothly schedule-wise and information-wise, things which one might expect for a penny stock venturing on new ground in its business procedures. Unfortunate, but I think the reaction is now overdone. The market will tell us, of course, if it is done punishing TNRG for its inexperience. When it turns, and it looks close to me (just added to my position), it will move quickly to retake some of that lost ground. Just IMO. Charles