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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?


To: barbara sperino who wrote (6575)4/28/1998 6:02:00 PM
From: Alan Coccio  Read Replies (2) | Respond to of 10903
 
There were 125 trades today for a total of 333,800 shares. The market makers held the price down until the close. It went from 1.18 X 1.25 to 1.25 X 1.34 within 30 seconds there at the end. You can bet we're going higher at the open tomorrow. I don't have a clue why they held the price down but you can bet there was a reason

When I noticed the market makers getting ready for a news release Friday, I thought it would happen Monday but for some reason they put it off till today. Someone here guessed it might have been due to the brutal market news yesterday and I think that could be right. No sense sticking your head out of the foxhole in the middle of a firefight.

The price will all depend on what happens after the opening flurry in the morning. You can bet there will be market buy orders overnight and they'll raise the price to pick those off. That's the reason most likely for the runup in price right at the close. If orders are waiting in the morning, they can go even higher to fill them. After that, they'll need more buying to sustain the price. It should be interesting.

I sure wish that just one time a TPII press release would give some idea of the monetary size of the contract. This sounds big but who really knows? Not the shareholders.

Alan