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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Dixie7777 who wrote (2530)7/20/1998 3:34:00 PM
From: Lane Hall-Witt   of 44908
 
Rich,

Has looked to me this afternoon like the MMs are trying hard to step the price down and have had very few takers. Have seen a couple of instances where a large buy came through on the ask, only to see the b/a lowered immediately afterward. I think the MMs are expecting some profit-taking late today, but I'm not surprised that we aren't seeing it (yet, anyway). The buying has been steady and has come very, very quietly. Just think about the daytrader threads on SI: TokyoJoe's, Big Dog, Joe Copia -- almost no mention of TSIG all day.

I could be wrong; we might see profit-taking during the last half-hour today. But at this point it looks to me like a lot of shares went into investors' hands today. I'm encouraged by the "stability" we seem to have had today. I expect we'll have some volatility tomorrow and/or Wednesday as the daytraders jump back in.
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