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

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To: GENO who wrote (10607)4/17/1999 12:36:00 AM
From: Alan Coccio  Read Replies (1) of 10903
 
I don't have a clue but just looking at the trading I'd say a bunch of shares came into the hands of the market makers and they're going to run the price a bit to get rid of them at a profit. I heard there was a big sell to the market makers. They can now do one of two things: (1) they can sit on them for a very long time and dribble them out into the market or, (2) they can create a price movement which gets everyone excited who then rush in and buy up all those shares the market makers are sitting on. I expect it's number 2. They'll create a big stir, people will grab up the shares at ridiculous prices and then the market makers will drop it like a rock and guess who now owns all those worthless shares? I'm guessing this is the game only because I've seen it happen about 500 other times. From the standpoint of the trader/investor, buy them up, let it run a couple of cents and dump them right back in the lap of the market makers. Hell, two cents is a 33% profit from where it is now and that ain't bad! Take it and run.
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