TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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

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To: Taki who wrote (40370)	3/31/2000 8:02:00 AM
From: Tom Allinder	Read Replies (3) of 150070

Taki... interesting observation about CNBC and their mention of danger of buying OTCBB stocks... Hummmm... That along with several other things have combined for this OTCBB crash... 1. Margin calls... a good friend of mine who works independently for several brokerages tells me they are paying temps triple overtime to process margin calls. OTCBB and low dollar stocks first victims of margin calls. 2. End of the quarter... this always seem to precipitate a selloff of some sort. 3. Absurd and ridiculous (in some instances) valuation of many OTCBB stocks. While many good stocks of real companies have gone up, many stocks of virtually worthless (but well promoted) companies have gone into orbit. They have all come down regardless if they are of any value or not. 4. MMs especially the likes of Herzog, Nite etc have seized the opportunity to use the fear and downdraft to short these stocks down to equally ridiculous levels... these stocks will not even move up on buying pressure. If they do it is only temporary followed by a move to even lower levels. It is criminal what these big brokerages are allowed to do with OTCBB stocks. Make no bones about it... someone is making a LOT OF MONEY on this tankage... Nite and Herzog are making the money. The MMs lure traders back into these stocks by letting them go up a few pennies, then cut the legs out from under the stock and trap even more people in at the higher prices. 5. Traders not willing to risk holding many of these stocks for more than a few minutes now because they tank on a couple of sells. As soon as one is in profit they are ready to push the "sell" button in order to preserve profit and get out before the downdraft starts. 6. All of this not helped by the fact that companies that release good news tank and tank hard shortly after the news comes out... It is almost comical to watch a stock sitting at .30 or something for weeks release good news, move to .32 then crash to .20 I do in fact think bottom is near... I hope anyhow. Tom

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