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Non-Tech : The Children's Beverage Group (TCBG) -- Ignore unavailable to you. Want to Upgrade?


To: RJC2006 who wrote (786)7/11/1998 9:10:00 AM
From: Cavalry  Read Replies (2) | Respond to of 2452
 
Thanks for all your insight Bob
i guess making big money means different things to different people and maybe you're right but do the math on this one with me and then let's leave it alone. 1.8 million shares traded hands between $1.625 and 1.93 on thursday. Lets say a market maker sold 500,000 of these shares on thursday to buyers at an avg. price of $1.8, remember these sales are at the ask price. 500,000x1.75=$875,000. You saw yesterdays open $1.46 bid, if j had been any good at bashing or TCBG had any real dirt to hide they might have succeeded and gotten the price down to let's say $1.28, the stock was this low a few days ago not so impossible. let's see 500,000 shares x $1.28 = $640,000. that sounds like a profit of $235,000 in one day. Don't know what job you have but Churchill Downs barely makes $235,000 on a good day, for a smelly illegal canadien short seller that's plenty. But it didn't work on this one and next week should be milestone week for the TCBG faithful. More news, a conference call with investors and who knows maybe more. Rip it n Sip it Bob