TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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

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To: Tom Allinder who wrote (47334)	5/18/2000 8:11:00 AM
From: Tom Allinder	Read Replies (3) of 150070

I will say again... the OTCBB isn't the only market in the tank. Many, many previous NASDAQ high fliers are trading less than $10 now... .down from $40, 50, 80, 100 a share. It is in fact worse on the OTCBB... There is no volume in the market. There is no sign that this is changing-for now. People complain that there is no bid support... ie buying comes into a stock and it hardly moves then a sell or two sends the MMs on the bid side running for cover. I have to ask... Why would the MMs want the stock either? Why would they buy it back at an equal to or higher price? They know the game. MMs know there is no confidence in any stock on the OTCBB so why should they hold any of the stock either? Finally, people look for bottoms to buy OTCBBs at "bargain" prices. There is still not much of this going on because many stocks that look like they bottomed will release news or have some other positive development and after an initial weak pop will head to lower ground. Until the masses have the confidence to hold onto stocks for more than 5 or 10 minutes, we will continue down this path. Tom

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