SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: C. McD who wrote (2739)8/31/1999 7:12:00 PM
From: David Browning  Read Replies (1) of 2752
 
Well, here is a tiny voice in this fading forest

Today's action in TSQD, 261K traded, up .53, finds the volume higher than DRIV's itself, and the closing prices just about on a 6 for 1 ratio. Sounds to me like someone knows what the swap ratio is going to be and did a little arbitrage work today. My own speculation has been at 6 to 6.5 by the time all the candy is doled out to the insiders, so today's action only surprising in that the sellers were available. Now if DRIV could get on a tear, we will see whether the ratio holds up for any length of time.

Cheers,
David
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext