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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Bernard Ng who wrote (92757)9/29/2001 6:58:45 AM
From: ChrisJP   of 150070
 
I personally think there is a strong corellation between the NASDAQ and the OTCBB. If the NASDAQ dies, the OTCBB will die further.

The only thing keeping the OTCBB alive is the influx of delisted NASDAQ stocks. lol

Of yeah, and the occasional short covering of huge positions like we probably saw with NVEI.

6 months from now most short positions will be covered, and there still will be a lack of buyers.

My standing anecdote, which I first posted back in April of last year, is we'll know the markets have bottomed when it's just Lance and Wayne buying and selling stocks to each other. <g>

BTW -- monthly OTCBB dollar volume is probably down 90% since I made that post:

otcbb.com

Don't let the graph fool ya, remember, back in August 2000, people were talking about how DEAD the OTCBB was. Welllll its 3 times deader now.

Chris
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