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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: myturn who wrote (35417)3/10/2000 9:22:00 AM
From: StocksDATsoar  Read Replies (3) of 150070
 
From one of the hottest stock pickers on SI.

To: 200mph who wrote (4309)
From: Tom Allinder Friday, Mar 10, 2000 9:08 AM ET
Reply # of 4311

200mph, WLDC... first lets look at how far the stock has come in just a few days...
On Monday we had one bid at 1.25 or better... Tuesday we had 2 bids at 1.50 or better... now we have 5 (FIVE) bids at 1.50 or better. INITIAL price appreciation in a stock is a result of demand... not a cause for demand.
This acts as a foundation for a big move.

Now, The prelude to a big move on a stock is building solid bid support (increasing demand)... this is occurring now. Broad-based demand for the stock is a necessity for the upward movement.

People must think... "Wow, the spread on this stock sucks." Remember, we are in a building phase on the bid side and because there has been solid buying for the last 4 days, the MMs need stock... (THERE IS VERY LITTLE OUT THERE THAT IS TRADABLE, PROBABLY LESS THAN A HALF MILLION GIVEN THE FLOAT IS ONLY 1 MILLION) The MMs will widen the spread to shake people out. This always seems to occur late in the day.

Technically, the stock is in a solid uptrend with respect to OBV, MF. The stock looks good on the chart and is looking better every day on the Level 2.

With solid technology, little stock to play with and no overhang on the stock, there is no reason to believe that this stock will not be a big winner... MY OPINION ONLY.

Tom
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