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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)

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To: Suzanne Newsome who wrote (34801)9/15/1999 7:52:00 PM
From: Suzanne Newsome  Read Replies (1) of 44908
 
Good volume today, Phil. The trading was more balanced throughout the day, but still more than a third of the shares traded after 3PM EDT. I estimate about 1.7 million shares were dumped today. With yesterday's total of 2.5 million, that brings us up to 4.2 million. I guess the PP holder has another company he wants to take to the brink--he's yanking the money out a little faster. What is absolutely amazing about today is in spite of somebody dumping 1.7 million shares, the stock closed even for the day. What would have happened with the same amount of buying pressure but no dumping? IMO this will not be a sub-10 cent stock forever. Phil, I'm sure everybody on the thread appreciates your posting the trades. It does help us understand that things aren't actually as bad as they seem........As for the impact of the 2nd PP on trading, it is my understanding that the stock the debtholders receive will be restricted for a period of time. Confirmation of that point may be in order. Regards, Suzanne
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