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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: star56 who wrote (51728)	6/19/2000 10:49:00 AM
From: Laura E.	Respond to of 150070

OTCBB: New Frontier Or Temporary Hangout? Mon Jun 19 10:03:00 EDT 2000 RIDGELAND, Miss., Jun 19, 2000 /PRNewswire via COMTEX/ -- The following release was issued today by pennyPI.com: The astounding growth of online investors has brought about a frantic pursuit for big returns but shortened time horizons. To find this magic combination, investors are seeking volatility and increased risk. This is evident in not only the increase in day-trading, but also the volume explosion experienced in alternate markets best represented by the OTCBB or Over-the- Counter Bulletin Board. Is this truly a new frontier or is it merely a temporary hangout? As many Nasdaq stocks such as Qualcomm, JDS Uniphase and Citrix Systems have shown phenomenal volatility over the past twelve months, there also exist an alternate market that, in many cases, overshadow this volatility. In the pursuit of big returns investors have seemingly embraced the OTCBB (Over-the- Counter Bulletin Board). Take these trading examples over the past 5-1/2 months, represented by 3 of the more "popular" OTCBB companies: 1st Miracle Group Intraday Low: $0.003 on 01/03/00 Intraday High: $1.010 on 03/17/00 Recent Close: $0.022 on 06/14/00 Highest Volume: 507,000,000 shares on 03/14/00 Price Fluctuation: 33600% MPTV, Inc. Intraday Low: $0.005 on 01/03/00 Intraday High: $1.820 on 03/02/00 Recent Close: $0.047 on 06/14/00 Highest Volume: 343,000,000 shares on 02/29/00 Price Fluctuation: 36400% Biocontrol Tech Inc. Intraday Low: $0.012 on 01/21/00 Intraday High: $1.050 on 02/28/00 Recent Close: $0.207 on 06/14/00 Highest Volume: 170,000,000 shares on 03/14/00 Price Fluctuation: 8750% The OTCBB is a quotation service owned and operated by NASDAQ for securities, which are not listed or traded on Nasdaq or any other national securities exchange. The OTCBB was created in June 1990 as a "pilot program" and in April 1997 the SEC approved its operation on a permanent basis. During 1990, the OTCBB had an average daily dollar volume of $12.5 million. In 1993 OTCBB began electronic quotations and the average daily dollar volume in 1994 moved up to $125.5 million. With the widespread popularity of the Internet, the average daily dollar volume of the OTCBB increased to $235.0 in 1999. In the month of March 2000, the OTCBB reached an unprecedented average dollar volume of $1.5 billion per day. In the light of what has taken place over the first half of 2000, several questions need to be asked. Is this increased volatility and volume due to the influence of "online" and "day-traders? Has the perception of credibility creped into the OTCBB due to new reporting requirements enacted by the SEC (http://www.sec.gov) in January 1999, which now requires OTCBB companies to report financial information or be "de-listed" to the Pink Sheets? Is your everyday trader willing to take higher risks for higher returns? Will the OTCBB become the "next" NASDAQ as global financial markets are opened and more information is made available about these "alternate" markets? One has to believe that the increase in "online" investors and "day traders" has played a large part on the volume and volatility in the OTCBB. To what extent will this continue, only the future will tell? With OTCBB companies now required to file with the SEC or be "de-listed", investment information is now available like never before. This new information helps the perception of this alternate market in attracting new investors, thereby increasing liquidity and tightening historically wide spreads between the "bid" and "ask". This effect in turn make these stocks even more attractive to "main-stream" investors. The strong bull market experienced this past decade has possibly coaxed "newbie" investors into believing that quick, high returns are always the norm and easy to attain. This could also explain the newfound attraction with the OTCBB and other alternate markets as investors seek the seemingly "untapped" and extraordinary return potential that their volatility represents. Will this strong trend continue? Every investor needs to remember within every "new frontier" there will be bumps in the road. This "new frontier" is no different. Extreme volatility will always bring substantial returns and equally substantial losses as seen during this enormous growth period of the OTCBB. With the recent announcement from the U.S. Attorney, FBI, SEC and other governmental agencies concerning corruption within this arena, investors need to do as much "due diligence" as possible before investing in these companies. Only time will tell if this is truly a "new frontier" or a "temporary hangout". I choose to think with increased volume and increased research available, it is probably a "new frontier" and for that reason, pennyPI.com has been established as the first, unbiased resource for penny stock and alternate investing. Key Ramsey, Staff Writer, pennyPI.com, 601-978-3399 X106 SOURCE pennyPI.com CONTACT: Key Ramsey, Staff Writer of pennyPI.com, 601-978-3399, ext. 106 URL: pennypi.com prnewswire.com (C) 2000 PR Newswire. All rights reserved.

To: star56 who wrote (51728)	6/19/2000 10:49:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

Reverse splits are OK if they are low! eg, 100K shares of YNOT at 4 cents would cost only 4 grand - after a 1-5 reverse then the holdings are reduced to 20,000 shares - the stock ran to 25 dollars = 1/2 million dollars.