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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who wrote ()4/14/2000 3:20:00 PM
From: b muller   of 150070
 
The shit has hit the fan--
most of your hi flyer internet types down %60

quote.yahoo.com

ex.AKAM
1:45PM ú 70 1/8
Change
-17 7/8 (-20.31%)
Prev Cls
88
Volume
1,467,400







]


Day's Range
68 1/2 - 84 3/4
Bid
70 1/16
Ask
70 1/8
Open
84 1/2
Avg Vol
847,727




52-week Range
87 7/8 - 345 1/2
Earn/Shr
N/A
P/E
N/A
Mkt Cap
6.526B


This is one of the high flyer NASDAQ internet B to B

I could show you 100 more

Point is many folks bought these on margin
they are getting margin calls hand over fist
they are selling everything they are making it worse.. Much of this due to the
fact they parked their tax money from last years winners.. They have to sell
to raise money for margin call and taxes
These folks have to sell $2 to pay back $1
Its deffinatly a problem
but I believe it somewhat compounded by tax selling

MY POINT

they are putting sell orders in on the BBs orders--these are market orders
the market makers are killing everyone
BB stocks have low volumn and are droping big

It will be over by tues or wed--
I am not saying we will bounce right back but we will be higher than today

believe me don't sell today by next friday you will be up 25 percent from today

then decide what to do
I would actually buy more of

PTSC and TRIBY and PTUS
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