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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: cankster who wrote (34137)3/7/2000 9:42:00 PM
From: Dave Gore  Read Replies (1) of 150070
 
Cankster, just got home, but here's my analysis on all the buying on JBRD. Realize that the MM's want people to think that $1.00 is a major hurdle. They also know that many people without Level 2 have no idea how much buying has been coming in and that they are holding it down artificially. They are probably going shorter and shorter in the hopes they can panic people out or frustrate the buy momentum.

They might succeed if people start to sell I suppose, but what I don't think they realize is that there is likely to be serious buying coming in for weeks, at least according to the Company.

Their strategy, if they are going short, may very well backfire on them.

It will be interesting to watch. The MM's should just let this go and be happy making the spread.
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