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Microcap & Penny Stocks : Compact Connection (TSIG) - The next CDNW?

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To: Bald Eagle who wrote (1490)8/12/1998 3:42:00 AM
From: cicak  Read Replies (4) of 1574
 
Wiseowl, have you noticed that the stock stays in a trading range between 35-40 cents and then periodically tanks to the low 30's or below ? For the most recent episode, I bought at 30 cents and sold at 36 cents today. I actually think that there are some good things ahead for this company but these sudden declines are puzzling. The market makers seem to do this on a regular basis. Anyways, until things stabalize, I'm going to buy on the dips and sell a short time later at an excellent profit. I've already done this several times. I'll keep a certain portion long just in case TSIG's potential ever materializes.

Does anyone have any ideas why this stock tanks suddenly for no apparant reason ? What exactly are the market makers up to ?

I reviewed a list of TSIG's trading prices and volume and it's pretty amazing. High prices (relatively) and then suddenly a significant decline - usually without any good reason that I can find. Go to stocksite.com and take a look at the historical prices. In TSIG's case, I'm both long term and short term oriented.

Wiseowl, I know you already are aware of all this, but I'm curious as to what your thoughts are. Thanks.
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