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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Janice Shell who wrote (5210)3/9/2000 1:12:00 PM
From: Q.  Read Replies (1) of 7056
 
Yes, there could be more selling to come. Looks like he's not selling much this morning, though.

He has so much to sell that it will definitely put pressure on the stock price. It could be that we've already seen some of this effect: the stock began to fall right when he filed, which is the time that he's permitted to begin selling. There's no way that he could have sold all 1 million shares between March 1 and now, however. So even before we see the next million, we'll see selling pressure continue from the first million.

If the volume dries up again, the selling pressure will be quite prolonged. I think he needs a couple more good news releases to stir up some volume, so that some of those wise investors at RB can buy some more of his stock :-)
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