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Technology Stocks : Thrustmaster (NASDAQ:TMSR)
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To: jim geis who wrote (2261)6/24/1999 1:08:00 PM
From: Chris McConnel   of 2443
 
Hi Jim,

I too have been wondering why, with all that's going on with TMSR (no sales, toxic convertible debt, burning through cash, etc..), the stock continues to hang in at these high levels. The obvious reason, of course, is that the large share holders have not really started liquidating their holdings yet. Some are doing the sell 3, buy 2 game, to reduce holdings and suck in the clueless. But the real selling has not started yet.

On the "Floorless Preferred Stock/Debenture" thread, there is a great post with an explanation of why TMSR is staying above twenty, and a good target date for when it will start heading down. Check out Message 10223789.

Note: There is also a large short interest which may be also helping to inflate the stock.

- Chris
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