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Microcap & Penny Stocks : TMMI - Total Multimedia
TMMI 0.0110-20.9%Nov 28 9:30 AM EST

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To: Bruce Hoyt who wrote (14253)5/9/1999 12:57:00 AM
From: Johnny Stone  Read Replies (2) of 19109
 
The thing that no one has figured out is how do you get over 800 trades in one day because of a new poster that no one knows on a bulletin board that relatively few people read. A lot of people may read SI and RB, but relative to 800+ trades it seems to me that the number of bb readers of the TMMI subject couldn't account for that much activity. The volume started on Thursday in huge blocks. It had to be coming from somewhere besides the people on these bulletin boards.

This is different from other run-ups in that we at least always knew where the rumors came from, usually at least vaguely from someone connected with TMM. Surely one post on RB didn't cause 800+ trades. Somewhere something out of the ordinary had to happen and none of us were in on it. I can't even find anyone that has heard any of this stuff about Microsoft or Dell other than the new poster. That post was picked up and pasted in other places I imagine but the guy said up front that he was new that day.

It's just a very strange thing that could only have two possible causes. Either there is something actually going on with TMM in the form of some kind of deal, which would account for the large blocks starting Thursday afternoon in the form of insiders loading up, or it was a masterfully engineered hype job that I don't think any of us have seen yet. Nothing quite like this, on this scale, has happened in recent years that I can remember. And the big difference is that no one seems to know where it came from.

I guess by the end of the day on Monday we will have a better sense of which scenario took or is taking place. From what I could see, the stock was trying to rally again at the end of the day Friday.

Paul Goldstein, I hate to see you go. Good luck.

shotgun johnny
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