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Microcap & Penny Stocks : Anything Internet Corporation (ANYI)
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To: Michael H who wrote (1414)11/23/1999 9:40:00 AM
From: C. McD   of 1570
 
"what are the possibilities that insiders are trying to buy up the float?"

I think we'll find out soon enough, especially if ANYI has a sixth straight up day, on less than 100K volume, that is mostly buys.

Looks to me like most of the trading on ANYI is being done by a small number of investors. If that is the case, I suspect insiders would not want to raise any attention until they got their fill at the sub-$5 prices. The ~$1.5M investment in ANYI is coming in at ~$3-5, so these guys would also like to gobble up what they can below $5.

Obviously any insider or big investor is expecting things to get much better than $5. The general investment community is not aware of ANYI at all right IMO, but I suspect they will be once it hits $5, and also when the national marketing effort kicks in.

I understand why sideline investors might be hesitant to get back into ANYI. I thought I got in near the bottom at $3.625, which may still look like the bottom if ANYI goes over $10. My guess is that most folks are still not 100% convinced of all of ANYI's recent good news, especially since the volume has only topped 100K once. A couple more positive days, and decent volume would be nice - success breeds success they say.

BTW - I don't do TA, but yesterday's chart looked pretty good, especially the recovery late in the day, looks like its firmed up for another run IMO.
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