TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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

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To: SSP who wrote (38366)	3/21/2000 1:43:00 PM
From: Tom Allinder	Read Replies (2) of 150070

SSP... you know how it is... most stocks running (UP) on OTCBB are organized Run, hump and dumps.... Value? doesn't matter right now. News? Stocks dump on news even if they have been a flatliner for weeks or months. Charts? Technicals? Mean nothing... MMs can take these stocks all the way back to where they started... nevermind that they are destroying the stock doing so. This will pass... this happened last year about this time. What is going on? 1. Valuations on many OTCBBs went to insane levels. 2. Margin calls are killing small caps/OTCBB right now... gotta remember the greed factor... "Investors" are seeing NASDAQ companies move from single digits to hundreds of dollars a share on no earnings and no hopes of ever making money. When these momo stocks collapse there becomes margin calls left and right. How do these "investors" cover margin calls? not by selling the tanking stock cause they have become emotionally attached to their big winner... they cover by selling non-marginable stocks like OTCBBs and low dollar NASDAQ stocks. It matters not that many of these companies are good companies with real business and revenues. It's just the way things are. After big runups on NASDAQ start to slow down, it is time to get out of OTCBB/low dollar NASDAQ positions. Tom Tom

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