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Microcap & Penny Stocks : Tracker Corporation America (TRKR)
TRKR 0.00003000.0%Nov 21 9:30 AM EST
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To: rodster397 who wrote (130)8/4/1998 12:22:00 AM
From: Jeff Grossman  Read Replies (1) of 1877
 
Regarding what seems to be a lot of stock being sold... It seems like there is always plenty of stock available to meet the demand for shares. I personally know people who are buying this stock in good amounts, and they don't seem to have any trouble buying it. The stock price may go up a bit briefly, but then it drops down again. With all the buying going on, I would think the stock would be higher. I'm not saying that people are dumping shares on the market. It just looks like the market makers have plenty available to sell. There are several possible explanations - some good, some bad.

I'm not the only one worried about the selling. A friend of mine with level II mentioned it to me today. He was wondering whether Tracker had sold some cheap stock which was now being sold in the open market. But Bruce says he doesn't know where the stock is coming from.

It could just be individual investors selling shares on strength - and I hope that's what it is - but I am still worried. There are many companies out there that talk up their stock, while at the same time they are issuing stock or selling their own stock. This is very, very common unfortunately. At this point I still believe in TRKR and in Bruce, but it's good to be cautious. TRKR is a very risky stock at least until the FTC settlement is finalized, Global Tracker is put back into Tracker, the audit is completed and the 10-K is released, and TRKR starts to announce some good contracts.

Jeff
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