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Microcap & Penny Stocks : Surequest Systems Changes Symbol to DIET

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To: Ted M who wrote (111)8/3/1999 9:58:00 AM
From: Kingfisher  Read Replies (1) of 166
 
Well, well down nearly 30% in one trading session to $0.22. A significant drop in price. Like falling off a cliff. Why???

Where did the stock come from if there is as small a float as has been hyped by those who think they do a good job at DD? You just cannot believe what you are told by companies that are lax in their SEC reporting.

Did an insider dump because something is not panning out?

Did MMs lower bids or sell what isn't theirs and cause an addition to the float in an attempt to panic small shareholders into selling?

Has the old Sauceda & Granville group still got their fingers in the pie and are also borrowing and adding more stock to the float?

Have the Johnny-come-lately hypsters decided to dump and take profits because the overly-expected run-up has taken too dam long to materialize and there are better stocks for them to invest in?

Or is it only a case of "When there is sufficient resistance to stop a stock from going UP, the only way it can go is DOWN?

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