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


To: thomas a. burke who wrote (307)2/9/1999 10:27:00 PM
From: Dermontti  Read Replies (1) | Respond to of 1184
 
I think what happens a lot of times with BB stocks after a quick jump like TLTG saw for 2 days, is that the MMs sell as many shares as they can into the rush (short), and then drop the price quickly to shake people out. If they are not able to shake enough shares with the quick drop, they hold the stock down and let it bleed for as long as it takes for people to lose interest and sell to move on to other stocks that are moving. I've seen this pattern on other BB stocks and don't know how or why they can get away with it. Hopefully, they have collected the shares they need, and will let the stock go where it belongs. They did let it up a little at the end of the day.

Good luck to all.

Kevin