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: MB who wrote (9153)	10/27/1998 5:52:00 PM
From: Alan Coccio	Read Replies (1) \| Respond to of 10903

Those were buys. Again we had market makers falling all over themselves trying to get the best ask position so they could get rid of some of those shares they've been buying at the "sale" prices. MHMY (Myerson) wouldn't budge when the ask hit 38 cents so eventually others started undercutting him and that's what drove the price down during the day. Finally, our buddy NFSC dropped below everyone to take the best ask position again at 32 cents. Not to worry. Solid support at 31 on the bid so will expect the price to rise again in the morning if we can budge NFSC. He'll move but if someone else gets concrete feet, he'll move below them again. It was fairly evident we had to have a rally before the 10K comes out. These guys want to sell their built-up inventory just in case the 10K is pitiful and they want to do it at the highest price possible. "Common sense rally" is what I call this. If TPI submits an extension request on their 10K (which is what I'm hearing), we'll have more time for the price to pop around and present good trading opportunities. Alan (P.S.) Sal, I hope you took that 20% pop I gave you. NOt bad for a couple of hours! That could have been $20K on your $100K buy. I know you go for the big numbers.