To: John Tracy who wrote (1173 ) 7/29/1998 1:41:00 AM From: Jaste Respond to of 2452
Everyone has to asked themselves at this point whether any of the fundamentals have changed with TCBG? Answer - no. As a matter of fact, the fundamentals keep improving greatly, especially considering the last release further expanded TCBG's dealings with one of the biggest private label juice manufacturers in the States. Why are we experiencing so much volatility over the last few days. Well because the fundamentals have not changed, this question proves very difficult to answer. Every can agree that the price has dropped on lower than average day volumes which usually can mean two things. 1) The MM's are manipulating price which is generally very easy to do when volume is down to cover shorting 2) The price has been walked down to encourage investors to buy. Again, as occurred yesterday, there was minor selling. When I say minor selling, try 100 shares here and there. It seemed that when ever shares were bought - like the 46,000 that came across the board earlier today - sells of a 100 shares followed up which gives credence to the first point I mentioned. I think the closing action further supports this - 1.18 with a bid at 1.285 and ask at 1.32. When you see something like this take place, one can strongly assume that it's MM's handy work. We had attained a support level above 1.50, and it's my opinion to break a strong support level, you have to have happen what did today, in order for a stock to eventually rise further. Today was a daytraders dream - good to sell and buy. It was a good day for the longs to grab more shares too. With nothing changed other than price, and with this company obviously progressing forward, all the buying opportunities are here imo. If anyone is feeling uncomfortable at this point, look at the facts that have been presented to us so far. There is nothing out there to support the current sliding trend. Should this be a $2.00 plus stock at the moment - nothing points to why it shouldn't be. If your long - ie. 1 month and onward - price at this stage is somewhat of a mute point. This slid like this not too long ago as well - from 1.50 to around .90. Then it went straight back up again.