To: Victor Lazlo who wrote (1874 ) 6/25/1998 1:59:00 AM From: Randomm Read Replies (1) | Respond to of 4230
This is a post copied from the TGSK Yahoo site. Anyone not familiar with the site needs to check it out. Lots of valuable info there. flightlessbird Jun 24 1998 10:45AM EDT Hello all. I am back. And that is bad news for the Market Makers. I'll start with the Saadvisory. First off, whoever quoted Velmer, quoted him out of context. His "release" on TGSK was sandwiched in between about 50 other short 1-2 sentence blurbs on 50 other stocks. All he was doing was summarizing his current thoughts on all the stocks he tracks. Velmer has said all this before on TGSK. Velmer does what is called "front running" on OTC stocks. He buys up a large amount of shares, pumps the hell out of a stock, then when he has made several hundred percent he finds a reason to tell everyone to sell. But of course, he has already sold himself at the peak. He issued a sell rec on 50% of TGSK holdings at $3.06. Of course, oddly enough (NOT) TGSK was stuck on 3.06 for quite some time just before he released his email to sell. This guy is a classic frontrunner. I don't fault him for it. It's just his way of conducting business and making a profit. Just like MMs keep an orderly market and try to make a profit. Saadvisory's excuse for issuing a 50% sell rec was that the stock was trading unusually and he couldn't account for the float. OF COURSE IT TRADED UNUSUALLY - THAT'S WHAT HAPPENS WHEN YOU HAVE A SHORT POSITION IN EXCESS OF THE FLOAT!!!!!!!! AND MARKET MONKEYS DESPERATELY TRYING TO GET OUT OF IT!!!! Believe you and me, Velmer is accumulating TGSK again as it nears 1.50. His timing will probably be near perfect. He will re-accumulate many shares at 1.50-1.75 and after 2Q numbers come out, re-issue a buy recommendation (or perhaps just before 2Q numbers come out). Remember he only makes money when he gets his followers to buy stock he has already bought. So he needs to "rotate" money from one hot mover to the next. TGSK moved from 1.25 to 3.00 quickly. He got his followers out of TGSK at 3.00 because he wanted them to invest in other stocks, all of which not coincidentally he had already bought. See how this game works? IMO, it is disgusting but it is sadly a part of how a market works. All I ask is that you discount the opinions of any frontrunner by about 98%. This guy knows what he is doing and he is making HIMSELF a lot of money. He will distort the float and trading to his advantage. Even if it were 3 million in the float, this stock is trading like there is 6-8 million in the float and that is because of the SHORTING. Make no mistakes about it. I will have more on other topics very soon. All I can reiterate here is this is fast approaching the superbuy of the decade at these prices. Personally, I have emailed Sitra about this same issue last time it was questioned by Saadvisory approx. 1 1/2 mos. ago. Sitra confirmed it was approx. 2.2 mil. The Yahoo board has discussed this issue extensively. messages.yahoo.com @m2.yahoo.com Hope this information is useful. Regards, Randomm