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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: Skip_S who wrote (5490)3/13/1999 9:28:00 AM
From: John S. Baker   of 6931
 
Without the benefit of having watched the actual transactions go through, I would note that there is always the possibility of Market Maker maneuverings here. Pass off a low trade late in the day in order to show over the weekend that the stock is not going up.

Over the past 3 or 4 days, there has been *heavy* selling into the strength. See 206.146.143.80

(FWIW, this is also a pattern which normally suggests pump-n-dump, though I haven't any evidence of such going on -- other than Skip's always-positive postings <grin>.)

Short-term, I would not be a buyer here until the MFI settles down and resumes its upward movement.

Longer-term, this is probably good, as we are building a base of new holders at 40 cents rather than at 28-33 cents.

JSb.
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