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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (5539)	3/17/1999 3:59:00 PM
From: francis terry	Read Replies (1) \| Respond to of 6931

Barbara, let me tell you something : You are paying way to much attention to the ups and downs of tsis. Do you remember the old saying about a watched pot never boils. That is what we have here. The mm buy stock and want to move it quickly as possible and sometimes what they do makes no sense to other mm and less to their selves, so enjoy the market. Do not put too much of a fine pencil on it. You and I both know that tsis has the right stuff and given time it will break through the .60 cent level and from there on it can go to a dollar and then profit takers will take it back down. I have mine to have and hold until it means something when i sell out.---take care---francis terry

To: BarbaraT who wrote (5539)	3/17/1999 5:50:00 PM
From: John S. Baker	Read Replies (1) \| Respond to of 6931

Barbara, further to the advice that Francis Terry offered.... The OTC market for bulletin board and penny stocks is not a real market. It is not a pure balance between supply and demand. The market makers can set prices at anything they want. If they think they can maximize their profits by dropping the bid by 5 cents on no trades, they can do so. Furthermore, if the Bid-Ask is at 40x45 and you submit a bid at 42, your bid will not necessarily ever show up in public view. Why? Because the BidxAsk is a list of the prices at which the market makers will do the trades, not the prices of recent end-user bids. When we look at BidxAsk, we are looking at a second generation ("stale") indication of the real supply and demand pressures within the market place. Our first generation inputs, in the form of actual orders, only goes to the market maker for our brokerage house, and he may or may not share it (or hint at it) with anyone else. But he uses it to determine his own strategy for maximizing his profits. And maximum profits for the market maker do not necessarily equate to maximum profits for you and me. Say again, with me: "The market makers can set the prices at anything they want" (as long as they have the funds to back up their prices). Fair? Not necessarily. Legal? I reckon so. But until you or I decide to become market makers for TSIS, we must deal with it. JSb.