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Microcap & Penny Stocks : TLTG: Teltran International, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (41)	2/5/1999 8:36:00 PM
From: Silicon Pigs	Read Replies (1) \| Respond to of 1184

If someone dump shares into the float, that amount today is nothing less than 700K. But I also saw some big blocks on the BUY side. Afterall, the float will be gone by Monday.

To: David Sirk who wrote (41)	2/5/1999 9:35:00 PM
From: hoffy	Read Replies (3) \| Respond to of 1184

David: I really don't think they were dumping shares into the float. What was happening is that the MM's were keeping the price down because they were covering their short position because they know this stock is going way way up. This is a normal trading pattern for a small penny stock. They get run up and down on small volume all the time mostly down by the MM's who run it up and then short the hell out of it and then they run it down and make a killing. However once in a while these penny stocks start to take off and heavy buying is coming in and the MM's know it's going to break to the upside and they are caught holdinga lot of shares short. So they keep it down and try to cover as many shares as they can before they let it run up. Just watch. All of a sudden the stock will take off on not much volume. It's the MM's just letting it where it should be. I bet it also goes way past where it should be so the MM's can short some more at a very inflated price. But the way to win the game is to buy when it's low and sell it back to them when they let it run really high. I'm looking to sell it around 10 or so.