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Microcap & Penny Stocks : Telebackup ( TBP ) to blast off! -- Ignore unavailable to you. Want to Upgrade?


To: Catawbakid who wrote (22)4/17/1998 3:43:00 PM
From: Roger Steiner  Read Replies (1) | Respond to of 58
 
Hi,

Good question: who is buying? I checked the sizes of the trades during the last few days and most of them were below 3000. So it looks like that small investors are buying. I think the limited float of the stock would - at the moment - not allow a larger investor to buy it.

Why are they buying it? Probably still the announcement about Storagetek or has somebody other thoughts? It could also be that TBP will get listed on TSE or NASDAQ sometimes in the near future and some people already know about it. There were some "rumours" about a listing about 1/2 year ago.

Roger