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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (45528)5/2/2000 5:40:00 PM
From: Michael L. Bland  Read Replies (1) of 150070
 
Jim,

Did you notice IFDA today? Something is going on. The ask price exploded from 1 1/32 to 1 7/8 on heavy buying,and then when the buying dried up,the MM's walked it down very quickly with small sells,closing at 25/32 x 1,total volume was approx. 156,000 shares traded,which is heavy for IFDA.
I can't help but believe someone or some group started buying today in anticipation of earnings,or news,or both.

I believe IFDA is very much undervalued and I've brought it to the attention of several stock picking groups as a candidate for their DD and a recommendation to buy. It looks like one of them may have started buying today. I have no proof of this,it's just a guess.

Mike

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