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

To: y2kfree_radical who wrote (57494)	8/1/2000 4:48:26 PM
From: Tom Allinder	Respond to of 150070

I like this post (at the bottom of this one) on MMs much better... I believe more of it than gene the mm info... plus gene commenting more on nasdaq which is much less apt to be manipulated (still is but not in a criminal way like here on the OTCBB) Also bear in mind, that I am not totally blaming the MMs for stock tankage... the market does suck right now. But, if they sold a bunch (which they did during the winter and again 2-3 weeks ago when the market came back for 2 weeks) then why not drive the stock to a dime or as low as they can get it... If they sold you stock at $2, then why cover the short position? I also happen to think that shares O/S and public floats right now are only relative information. Many low float stocks are not moving up but are headed lower on buying pressure. Hell, the MM can sell as many shares as he wants... buy it back lower if they buy it back at all. If an MM does get in a pickle, the other wolves will come and help out. Message 14132966 Tom