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

To: ChrisJP who wrote (99414)	1/13/2002 6:40:45 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

<When the pond starts to dry up, and the water begins to recede, you get to see the muck and spare tires and trash that were hidden just beneath the surface.> Great analogy Chris, and below the muck and trash, there is the murky netherworld............of the PINK variety.

To: ChrisJP who wrote (99414)	1/13/2002 7:07:02 PM
From: Tom Allinder	Read Replies (4) \| Respond to of 150070

Well, here is another one... When the pond starts to dry up, it exposes not only the trash but the alligators and crocodiles etc that live in the pond. I have been doing stocks since 96 and it has NEVER been this bad... MY OPINION. Tom

To: ChrisJP who wrote (99414)	1/14/2002 12:57:38 AM
From: Qone0	Read Replies (1) \| Respond to of 150070

Chris, I agree the otc-bb has always turned friend into foe as the market goes through its up and down cycles. Being the king of the pennies has a history of being a very short reign. As the followers of the king turn from making huge returns in a hot market to taking huge losses in a down market. They then demand the kings head on a stick. Tokyo Joe, Big Dog,Gabard ect. The real question though is. What is going to happen when all those NASDAQ pennies that all the penny players seem to be playing. Start to either RS or delist down to the OTC-BB? NASDAQ is starting to send out delisting letters on them now. So they are now a much risker play then they were when NASDAQ suspended delisting. The main reason people were playing them is they were traded on NASDAQ and peoples bids were represented and limit orders protected. Most of them have so much debt they will have to do some very bad dilution to stay afloat. Anyone that trades OTC-BB knows that a MM will never represent your bid to the market. If you are bidding in on the bid your chances of getting filled are slim to none. The MM you are routed to will trade ahead of you or move down and work your order between the spread. Same goes with selling at the ask. So all the traders started playing the NASDAQ pennies where the MM`s were not allowed to steal the spread. With the limit order protection pilot being over Jan 15 and ECN`s coming to the OTC-BB. The OTC-BB will be a very different game soon if both those rules come on. A much better market for traders and investors. When that happens you might see the volume come back into the OTC-BB. The $15b dollar volume is not quite as bad as it seems..lol..because there are about half as many stocks on the OTC-BB as their were in earlier years. Half of them went pink in 2000. Its about as bad as 1998 if you take that into account..lol..