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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!! -- Ignore unavailable to you. Want to Upgrade?

To: del clark who wrote (1008)	5/1/1998 1:23:00 PM
From: PistolPete	Read Replies (1) \| Respond to of 4230

Quote.com just showed me a trade at 1.39 at 13:05 for 1000sh. Nice day we're having, so far! GO SHHHAARRRRRRRKKKK!

To: del clark who wrote (1008)	5/1/1998 1:32:00 PM
From: brodway	Respond to of 4230

Del, youre somewhat correct......... Actually most mm, or at least the ones that think they can take advantage of tgsk because its a new bb stock, rarely go long on stock. The majority of the orders they transact is for other customers and not themselves, and you correct by saying that they are there to make a couple of pennies in the process. Years ago NYSE brokers who did this kind of business, meaning executing for other clients with no risk exposure themselves, were referred to as 2 dollar brokers. I guess we can call the mm in tgsk 2 penny brokers, because the majority are just there to make their 2 cents and run along to search for the next order. There are, however, some mm who take it upon themselves to play a more creative type of game. They start fooling around with orders to extend the profit margin to more than 2 cents. For example they would fill an order at 1.29(like this morning) and try to push the stock down, or bring the bid down to create an illusion that the market for the stock is getting weaker, thus drawing in sellers. Ultimately, if they are successful, and many times they are in many of the bb stocks, knowing they usually dont attract much support, they will expand the trading profit to 5cents or more. Sometimes if they feel like the stock is not drawing any buying at all, they will actually hold on to that original sell, and hold a short position, hoping they can repurchase the stock at lower levels, and perhaps creating a bigger trading profit of 1/8 or even 1/4. Not too bad on a dollar stock, i would say. Rarely do they go long on bb stocks, simply because they dont believe in them. Unlike ourselves who actually go out and do DD on the company and try to find undiscovered situations(like tgsk), they simply dont care. Their policy, in most instances is that if its a bb stock, its good to short. This may be true with the majority of the bb situations, however this time they really stepped into some soft cement, and i believe that cement is quickly firming up on them. It is clearly evident that no one is looking to sell much stock here. Just look at the spread. Last time i check 1.34 by 1.39?? What was the last time we have seen more than a 2cent spread in this stock? Seems to me the mm are leary of shorting any more stock and would probably be very happy buying up some stock at 1.25-1.30. Although i wish them much success, i dont think they will be very successful. OOPS, looks like that cement is quickly drying up. Hope you find this informative, Good luck, Brodway.