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Microcap & Penny Stocks : AREE - Formerly TVSI

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To: Kurt N who wrote (2945)6/3/1998 11:26:00 PM
From: TopCat  Read Replies (1) of 6528
 
>>>Anyways, 17 million shares and this stock only moves up 20%. Geez somebody must be selling (I wonder who????) into the buying.<<<

Kurt,

IMO, you are absolutely correct. Somebody just wants to get their money out of this one. To attribute this volume to MM's trading back and forth to give some kind of "illusion" is ridiculous.

These "somebodies" waited around a few days to see if there was going to be some "pump and dump monday" action on the stock and when it didn't occur, they went for what they could get. Obviously they see a bigger downside than upside or they wouldn't have done this. Right?

Remember, the primary purpose of a reverse merger is to provide liquidity to owners of a private company. It doesn't necessarily mean big growth opportunities....that may or may not come later.

TC

TC
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