To: flightlessbird who wrote (588 ) 4/23/1998 10:57:00 AM From: flightlessbird Read Replies (2) | Respond to of 4230
Remember too that brokers will be passing on the earnings reports to clients over the next several weeks and putting their clients into TGSK. Most entering tgsk NOW as compared to just 3 weeks ago now have the advantage of the $8 million credit line sans dilution and the earnings report. This, to me, means these buyers will be much stronger holders, i.e., they are less likely the speculative types and more driven by earnings and fundamentals (though still definitely speculative to be in an otc stock in the first place). This translates into much longer-term holders. Value investors realize the patience required to reap the rewards and they will hold longer based on this excellent earnings report. But it takes awhile for brokers to contact their clients and get them in. Expect buying to come in for the next several weeks as a result of the earnings report. Also remember that I've told two friends, and they've told two friends, and they've told two friends, and so on and so on. LOL It's true. Almost like Multi-level marketing. Word will spread on any severely undervalued stock. just takes time. We now have 23 MMs. Many I am sure are unfriendly. Many, however, will not be. We are now getting spreads only .01-.02 apart. A competitive market is now shaping up and that is one among many right steps in the right direction. Many newcomers don't remember the days when I started buying (just two months ago) and the spread was a bid of 5/8 and an ask of 15/16 with only 4 MMs. What a difference. Imagine if TGSK were only controlled by 4 MMs today????!!!!!!! I am looking forward to perhaps even more MMs over the next 2 months, many of whom will be glad to take shares out of the hands of any other MMs going short. Remember MMs collectively generally know the share count and trading patterns better than us. They will know when TGSK has turned the corner and supply is drying up (I suspect as we speak). They will stop shorting when it does. BTW - JC, that was the best primer on MM activity I have EVER seen. Thanks for the input. Much appreciated.