SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alan Coccio who wrote (2777)8/28/1997 5:36:00 PM
From: Alan Coccio   of 10903
 
The numbers for 8/28/97:

Open: .500
Hi: .531
Lo: .458
Close: .500
Bid: .468
Ask: .500

Total trades: 48
Total volume: 313,500
MoneyFlow: positive $17,693
30-day moving price average: .701
50-day moving price average: .758

Largest trades:
40,000 shares at .458 (15:51-Sell)
25,000 shares at .468 (15:45-Sell)
20,000 shares at .500 (10:20-Buy)
20,000 shares at .500 (10:21-Buy)
20,000 shares at .468 (15:14-Sell)

20,000 shares at .455 after the market close (16:09) in a custom order which I presume was a sell order.

Interesting day. Support developed a couple of times when big sales came through but those 25 and 40-thousand share sells in the last 15 minutes were not countered. As you can tell from the MoneyFlow, there was considerable buying at 50-cents to offset those large sell orders. I thought this was one seller - and it might still be - but, if so, he has dumped about 200,000 shares which makes him an extremely large shareholder.

Pure speculation follows: Since Pinetree only picked up 100K shares and provided very little of the working capital the company needs, could this be the company itself (or one of its large shareholders) selling? They could use the money to keep the company afloat I suppose. Nasty little piece of business but it has certainly been done enough times with these Bulletin Board stocks. I repeat...this is pure speculation on my part...just thinking aloud.

Al
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News