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Microcap & Penny Stocks : TEI Corp. - The TANK is rolling!! (NASDAQ: TANK)
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To: JEFF CHAPMAN who wrote (26)2/10/1998 11:08:00 PM
From: Marc T. McCurry  Read Replies (2) of 50
 
Jeff - thanks for your insight; I was wondering if you were still in this stock. I am perplexed by what happened. I don't think the company is buying back shares, though if the volume truly was 3 million today, the hit to the share price really wasn't that bad, considering average volume daily of around 15,000 shares. We shall see-- hopefully something isn't going to be announced that destroys the stock price. If someone knows something bad is going to happen, they did not do a good job of hiding the fact that they dumped shares. If Tank truly does tank in the next few weeks or months, I have a slight suspicion those who dumped today will be scrutinized. this is just my opinion. There is definitely something going on here -- either someone needed some cash or there are serious problems we do not know about.

I am not recommending anyone buy or sell this stock. I have a small interest in the stock, around 1,500 shares. All information expressed in this post is simply my opinion. I'm still surprised the price didn't drop more -- at 3 million shares dumped at the last minute, we could be at 50 cents or so. I've seen it before and hopefully I won't see it again.
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