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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject8/17/2000 9:45:50 PM
From: wgmnoris  Read Replies (1) of 150070
 
DNAP: A great post by HOGS that is true about many OTC BB:

ragingbull.altavista.com

Let me tell you folks, I have been reading other boards here daytraders and money managers post and the word is that DNAP will be one of the ones they jump on and run up.
When that happens keep this in mind. DNAP will build volume and the price will rise steady. The company will cooperate with them as all do and release impressive PR.
As the price goes up it will attract the attention of many regular investors but mainly momentum players and daytraders. Several large players will accumlate large #'s of shares. When the price gets on up near a dollar this stock will be on fire. If the PR's and the interest is
strong enough it will go on up near or even past 2. At the breaking point the large holders who accumulated on the way up will put in their sell orders and the stock will fall. It may be at 1 if DNAP is just normal. You must consider selling a major portion or even all of your shares.
When you sell don't buy back in even it the price spikes back up a little that day to tease you. Be patient and the price will fall all the way down to a level where buyers are inticed to come back. Now remember many of those buyers will be the same daytraders who pulled the plug so the dead cat bounce will only last a day or two. Then you will see much lower volume and a base. That is where you want to consider buying. It may take a week or two for the base to consolidate and reveal the real low point. If you still love this stock you will have a lot more money to buy shares. If you have lost your taste for it you can move on and not look back. At or near the peak of the manipulative run up, some use the technique of selling half and keeping half, but if you have the nerve just sell it all and there is no doubt in the world you will have the op to buy them back. IMHO hogs
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