Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tom rusnak who wrote (7275)	5/23/1998 8:35:00 PM
From: Alan Coccio	Read Replies (1) \| Respond to of 10903

OFF TOPIC (Mostly) I'm sorry for the length of this. Hi Tom...I suppose it's becoming cool on the underside of the world where you are since we're warming up here. That's a good question you ask about why a day trader would be interested in TPII. Long story but I'll shorten it considerably if possible. Once upon a time I was following the accepted role of a day trader by playing NASDAQ/NMS stocks and never touched the Bulletin Board. My goal - as with most others - was to scalp 1/8 or 1/4 of a point many times a day. One day I realized I was making more money for my broker than I was for myself. I was taking my 1/8 and of that $125 was giving $40 to the broker. I didn't like the math. It dawned on me that the potential profit was, indeed, much greater in the movements on the Bulletin Board stocks. The percentages on the upticks were considerably more profitable with these "pennies." The first task, however, was to learn how the market makers operate and to read their movements. This is an always unfinished task but with a lack of modesty I can say I'm getting pretty good at it. The right tools are required just like with any job. An example: Wednesday I noticed and posted (Tokyo Joe thread) big buys coming in to JNNE and the current price was .062 X .070. Out of nowhere there were suddenly 100K and larger buys that started about 11:30. It didn't take much analysis to make me buy a huge quantity myself since it seemed obvious something was up and the market makers were doing their squirrely dance before a big event. It closed at 9 cents...already up 28% at that point. Thursday, Wall Street West recommended it and it shot up to 16 cents. Friday morning - against all logic - as the buys poured in the market makers were quickly lowering the price. I very quickly determined they were setting up for another run and that they were expecting a probable recommendation from another stock letter. I posted that at Tokyo Joe's too. Sure enough at noon PSI put out a recommendation and the price shot upward once again to 17 cents as a high. Now more experience came in. I could see that one market maker (Frankel-FRAN) would not let the price rise any further. So I sold. More than doubled in 48 hours and strictly due to the tools and experience I have reading MM movements. This is not at all a brag but simply an example why I now play mostly BB stocks for considerably more profit than I could hope to make at the "big" markets. TPII was a stock I decided right at the beginning would be my learning experience and that I would follow closely to learn the games of the market makers. I'm very glad I picked this one since I think it has the best bunch of people of any thread I've ever read on SI. No, I don't follow any other Y2K stocks other than just with a passing glance now and again. In fact, I follow no sector. I just follow movements. Janis Road Shows: If they do their job and create excitement about the company, the product and the stock, I would expect the buying to start immediately. You don't seriously think the first guys to get excited will wait till the end of show before buying out of some sense of honor do you? Ha! The practical side to this is that it will bring more attention and, hopefully, a feeding frenzy to the buyers along the tour route. We hope. All I know about Janis is what I have read around the net. They apparently have a good reputation and do their job well. Again, I apologize for the length of this. All the best to you Tom. Alan