SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Turbodyne Technologies Inc. (TRBDF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Far Side who wrote (1784)8/19/1998 1:27:00 PM
From: Mike C2  Read Replies (1) of 3458
 
fighting the tape
As you can tell from my previous posts I invest a lot of energy trying to understand the markets and TRBD.
I think a few market makers and profiting tremendously.
I think a few well-connected shorts got their butts squeezed so hard by
the beginning of August they appealed, called in their chits, or whatever
to get Herb Greenberg, then Asensio to apply pressure relief.

The market makers took out everyone's sell stops and stop losses on the
4th and pushed the price so low it was like a beach ball at the
ocean or in the pool. It had to pop. and did back to 10. Then last Friday they
did it again, then set some kind of fence in at 6.25 or so.

the share price since Aug.4 has been so erratic that it is hard to determine "fair value". My guess is the mid-8 to 9 range is again the value as it was earlier in the summer before the upside breakout.
Of course a material announcement could change expectations.

I'm disappointed there will be no conference call to discuss the 10-Q.
Haven't checked to see if it's on Edgar yet.
Am looking forward to a detailed response to Asensio.
Am prepared to load the boat when the smoke clears a little. But too much is going on that I don't or can't or won't be able to understand to be fully committed. Most of this has to do with the MM's & not the company.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News