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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS) -- Ignore unavailable to you. Want to Upgrade?


To: Jacalyn Deaner who wrote (1325)8/5/1999 1:35:00 PM
From: Jon Scott  Read Replies (1) | Respond to of 2118
 
Completely agree with first and disagree with 2nd
We did have a number of quick runs on big volume that caught the MM short. It is their job to make a market. If there is a buy order in and they don't have inventory then they have to sell short and hope to buy back cheaper at a later time. Then the MM needs to get someone to sell shares back below what he sold his for. That's where the manipulation comes in and that's what we're seeing. Look at historic volume vs float vs long holders and that says the MM do not have shares



To: Jacalyn Deaner who wrote (1325)8/5/1999 4:35:00 PM
From: Yve$  Respond to of 2118
 
Yes John. I'm in at .05 so I can wait things out, but I can feel for people buying in at .30 looking for a long steady rise but actually working on the ulcer. I bought shares also along the rise up to .30 but over all we are looking good. No regrets should be felt, the best is yet to come. Be happy all you didn't get into NIAR like I did. But one winner,GAAY, hopefully makes up for a few losers



To: Jacalyn Deaner who wrote (1325)8/5/1999 6:23:00 PM
From: dacoola  Read Replies (2) | Respond to of 2118
 
I am afraid that Willy Wizard need to some recent homework. Changing the Cusip# or the symbol does not require the recall of all certs for reissue. If being done to create a short squeeze...it is totally futile. Certs with the old cusip# and/or symbol are still valid and are updated as they go through the DTC/TA system as new trades are made.

The only way you can create a massive short squeeze on BB stocks is to have all shareholders to call their certs out of street name....a virtual impossibility in most cases.