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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration

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To: MB who wrote (8439)8/21/1998 4:18:00 PM
From: Alan Coccio  Read Replies (2) of 10903
 
Today saw seven trades for 19,400 shares. Three of those trades were buys comprising 6,600 shares. No price change but any change was toward the sell side. We started the day with five market makers on the .687 bid and two on the .750 ask price. We ended with only two at .687 and one at .750.

MB, that run to 2 3/8 was built mostly on B.S. in hindsight. Rumors of big things happening caused some momentum trading and lots of short term and day traders jumping aboard drove the price. Once the traders pulled their profits out, it quickly settled back down with the true believers left to hold the bag. Isn't that always the case? A market cap of $40-million was not justified in any way, shape or form for this company. I understand your question and what you're getting at but it will take another plausible piece of news and solid contracts rather than vapor ware to get us moving again.

On another subject, has anyone ever heard of a company called Data Integrity? I think they might be a private company but I'm hearing they might have the so-called "silver bullet" in regard to the Y2K problem. Their software is called Millenium Solution and they do their thing at 14-cents per line of code. Not shabby!

Alan
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