SI
SI
discoversearch

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.
Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?


To: Hunter Trout who wrote (931)1/24/1999 8:42:00 PM
From: Jim Daly  Read Replies (1) | Respond to of 1261
 
My guess is that someone is bidding up the stock because they don't want to lose that NASDAQ listing. Something tells me that the company has loosed up enough capital to buy their own stock.

This would be a good thing if Tracer was working from a profit.But. If this is what is happening then they are spending precious resources on supporting a stock price. Why? I question that tactic.

On the other hand. The reduced float will increase the shareholders value. Hmmm. Neeed Mooorre Dattaa...(beep)EOM