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Technology Stocks : Peapod (PPOD)
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To: Steve Bower who wrote (2)6/25/1997 9:31:00 AM
From: Malcolm Boyd   of 1170
 
Steve,

I've been watching the stock price performance of PPOD closely over the last week - after a precipitous drop to 11 1/2 the stock rebounded sharply and has been basing at 13 - 13 3/4 over the last couple of days. Perhaps the MM's have shaken the speculators out and see this price range as acceptable right now, especially considering that volume has been decreasing each day. I've also been having a look over the Peapod Internet Pages which I found surprisingly impressive. The management of the Company seems pretty sound and focused on what they are trying to achieve.
Moreover, I just attended a meeting with the president of the Company I work for (large FMCG) who, when asked about the future of on-line grocery shopping, actually came out and mentioned Peapod by name.
This stock could be a sleeper for a while but in the long run I think could pay off.
Malcolm.
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