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


To: Bernard Ng who wrote (92757)9/29/2001 6:58:45 AM
From: ChrisJP  Respond to of 150070
 
I personally think there is a strong corellation between the NASDAQ and the OTCBB. If the NASDAQ dies, the OTCBB will die further.

The only thing keeping the OTCBB alive is the influx of delisted NASDAQ stocks. lol

Of yeah, and the occasional short covering of huge positions like we probably saw with NVEI.

6 months from now most short positions will be covered, and there still will be a lack of buyers.

My standing anecdote, which I first posted back in April of last year, is we'll know the markets have bottomed when it's just Lance and Wayne buying and selling stocks to each other. <g>

BTW -- monthly OTCBB dollar volume is probably down 90% since I made that post:

otcbb.com

Don't let the graph fool ya, remember, back in August 2000, people were talking about how DEAD the OTCBB was. Welllll its 3 times deader now.

Chris



To: Bernard Ng who wrote (92757)9/29/2001 6:30:38 PM
From: ChrisJP  Read Replies (1) | Respond to of 150070
 
Hey Bernard, here's a stock chart for you. Its the S&P 500 since about 1987.

siliconinvestor.com

First, the S&P 500 is oversold ON A MONTHLY BASIS. yay !

Second, notice the line made by the S&P 500 from 1991 - 1993. Almost a straight line. It you extend that line out to 2001, you get something like S&P 500 = about 950.

So IMO even if the markets haven't bottomed, they should return to this trend line sooner or later.

Chris