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

To: Patricia Meaney who wrote (69617)	11/3/2000 8:29:45 AM
From: Cheesehead	Read Replies (1) \| Respond to of 150070

WEIR: Interesting post from RB. By: Spector_2OOO Reply To: 336 by Spector_2OOO Friday, 3 Nov 2000 at 1:35 AM EST Post # of 339 All: Urgent: The WEIR float. ONLY 7.7 million in the float! Sellers today made a big mistake IMO--MM's have to be desperate at this point and it shows. SHORT SQUEEZE: Market makers thrive on sells like today--note the large gap. A large gap like this, on 10 cents and under issues especially, is a positive indicator that MM's have run out of room to volley and duck. By posting such a large gap MM's are trying to cover themselves against immediate profit-taking--low bid, large gap ensures that those who buy in stay in and those who sell do so in the MM's best interest. However!...The current MM strategy absolutely will not do MM's any good even short term--too little too late--because they have painted themselves into a corner. They do not have nearly the sell volume they need to rescue their positions as WEIR trades currently. About the only good volume they are getting is in the form of buys and at this price that is exactly opposite of what they need. The only way out is to let the volume and the price run up the charts and try to catch sellers off-guard on the way down. In my experience, with a float this small, rallies tend to get out of hand and end up nailing 1000% gainers very quickly--often inside a week. Time is of the essence. Right now, you have the MM's up against their own end zone with no timeouts left. What they need more than anything is time--and they don't have it. Not once investors hear about this squeeze and gobble up the float in a heartbeat. Instantly, game over for MM's at WEIR and they know it. Your WEIR squeeze play has already begun--tell EVERYONE! about the situation here and knock these MM's out of the stadium before they know what hit them. Short term prognosis: Buy like there is no tommorrow. The timing could not be better for a squeeze play, IMHO. We're talking about a company with $250 million in sales last year and with a chance to start over with a $35 million credit account...Win/Win. Make your own decisions--the above is how I personally see the situation at WEIR. Assuming we put the squeeze on them shortly, I will likely sell near the top of the rally and attempt a long position with "free shares" after the dust settles if all proceeds well with the re-organization hearing and $35 million revolving credit line.