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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration
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To: BuzzVA who wrote (10586)4/14/1999 8:26:00 AM
From: Alan Coccio  Read Replies (1) of 10903
 
What's your opinion of today's volume and NO movement in the price?

But we did see a change in the price. The bid dropped from 13 to 10 cents and the ask from 15 to 13 cents. Of the 207,900 shares traded, there was only one buy for 3,800 shares. That was the last trade of the day. It appears that there was no price change because the previous day closed at the bid of 13 cents and today closed at the ask of 13 cents. Just as an aside, there are eight market makers at the bid of 10 cents this morning.

On another note, the reported insider selling was registered on 3/23/99 but did not take place that day. It couldn't have considering the volume and prices for that date. It had to have taken place a week or two earlier considering the sale was for 17 cents. This was also the beginning of the snowball effect knocking the price down to 9 cents. Wasn't that sweet? Of course, they have every right to sell their shares whenever they please but their timing couldn't have been worse.
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