TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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

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To: ChrisJP who wrote (99414)	1/14/2002 12:57:38 AM
From: Qone0	Read Replies (1) of 150070

Chris, I agree the otc-bb has always turned friend into foe as the market goes through its up and down cycles. Being the king of the pennies has a history of being a very short reign. As the followers of the king turn from making huge returns in a hot market to taking huge losses in a down market. They then demand the kings head on a stick. Tokyo Joe, Big Dog,Gabard ect. The real question though is. What is going to happen when all those NASDAQ pennies that all the penny players seem to be playing. Start to either RS or delist down to the OTC-BB? NASDAQ is starting to send out delisting letters on them now. So they are now a much risker play then they were when NASDAQ suspended delisting. The main reason people were playing them is they were traded on NASDAQ and peoples bids were represented and limit orders protected. Most of them have so much debt they will have to do some very bad dilution to stay afloat. Anyone that trades OTC-BB knows that a MM will never represent your bid to the market. If you are bidding in on the bid your chances of getting filled are slim to none. The MM you are routed to will trade ahead of you or move down and work your order between the spread. Same goes with selling at the ask. So all the traders started playing the NASDAQ pennies where the MM`s were not allowed to steal the spread. With the limit order protection pilot being over Jan 15 and ECN`s coming to the OTC-BB. The OTC-BB will be a very different game soon if both those rules come on. A much better market for traders and investors. When that happens you might see the volume come back into the OTC-BB. The $15b dollar volume is not quite as bad as it seems..lol..because there are about half as many stocks on the OTC-BB as their were in earlier years. Half of them went pink in 2000. Its about as bad as 1998 if you take that into account..lol..

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