>>Could this be the " Wexler Effect " ?<<
Puh-leeeze....
TPII is a bulletin board stock, and an at times thinly traded one at that.
ALOT of people own tens of thousands of shares each, and whenever one of these people decides to sell, the stock is going to suffer accordingly.
We should all expect many more days of this, up and until TPII is able to get well into the dollars range. By this time, a majority of people who bought in the pennies will have taken their profit and bolted, while new investors will be buying in at a higher price (and, as a result, smaller share amounts). The stock will then be much less volatile.
Until then, accept days like this as a normal occurence, ignore the crackpots, and check TPII about a year from now.
regards,
JS
ps - one other thing: the first trade of the day was a sell of 500 shares, and TPII "dropped" almost nine percent. So, a bit of advice for those quick on the trigger: Never track a bb stock's price via it's "current" price. Rather, follow the bid and ask, as these are the true indicators of where a stock is heading. |
