Tom, some times it appears, to me, that the MM's bring the price down for special clients.
When I looked at the Intraday chart and saw all of the trading activity near the "bottom", rather than on the "way down", I felt that the trading and volume activity was more positive than negative.
If the board is getting together tomorrow, I would have to guess that they are going to discuss methods of propping up their stock, by either a stock buyback plan, or a pre-earnings,hopefully good announcement. Perhaps they could hype the growth in their overseas market, assuming it is still growing rapidly.
They still have until November, 2000 to either get the stock price up to $53 per share, so that the convertible bonds will be covered by stock or they will have to pay off the bonds, or they will have to refinance. That is still a long ways off.
I wonder if they are getting any pressure from the "large" holders of the convertible bonds?
They've had a few "new" product releases, a few "revised" product releases and are supposed to have some more releases this quarter. To me, if they are going to have a good quarter, their foreign sales have got to be good. Their "foreign language" versions of their software caused a 100% increase in sales from 1995 to 1996.
I can't understand why the market is treating TLC so poorly. I've always felt that there was a lot of manipulation within the market, so, I guess, nothing surprizes me anymore.
Regards, Bob |
