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Microcap & Penny Stocks : TNRG Tianrong Building Materials
TNRG 0.0300+14,900.0%Jul 17 12:46 PM EST

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To: Edward Williamson who wrote (3869)11/12/1998 9:52:00 AM
From: Jeff Harrington  Read Replies (2) of 9824
 
<<Obviously this stock is
down due to the short selling.>>

Well in these pennies the stock is down, usually, because of insider selling. Blaming the shorts is a convenient hype mechanism. The so-called "terminal short" or the short to get the stock down to cover lower... these happen but nowhere near as often as get posted on these stock newsgroups. It's true that Tilton seems to have really pissed off some MM's. And of course, it could be someone offshore shorting, but this kind of rumor for a falling stock is rife on these boards.

Somebody is selling lots of stock and who it is nobody knows. From my bad experiences the past two years, I'm more likely to believe it is insider selling than MM manipulation.

Not casting aspersions, just not going to call for my certificates again or anything...

:)

JH

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