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Microcap & Penny Stocks : AREE - Formerly TVSI

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To: TopCat who wrote (804)2/14/1998 12:13:00 AM
From: Sojourner Smith  Read Replies (1) of 6528
 
This is my theory on what happened.
I am open to other possibilities, though.

1. rumor mill (Yahoo) says there will be news last Fri night.
2. steady buying all day Fri, up over 100%.
3. some investors see news, some see big gainers,
some see our SI thread.
4. Market orders are placed
and the mm's gladly crank up the price.
5. All those who bought Fri (except me LOL) sell above .20.
Probably ex-CSMA investors who have become cynical.
6. Stock collapses with true-believers burned again.

I don't think it's MMs or Riley. It's penny stocks, they are deadly.
The only cure is a company that does what they say they will do and
if a company is really good it will survive the price swings and climb.
However, I can't think of many that climb out of penny stock hell.

It is possible it could be the company selling into strength, but I have no proof of that, and I don't believe it in this case. It is true there
are some hypsters with big followings who are misleading people.
I just can't see where Riley did anything unethical in this case.

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