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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct

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To: Slim Pickens who wrote (1208)6/11/1998 12:18:00 AM
From: Lazarus  Read Replies (1) of 2595
 
Slim....I don't presume to have it all figured out...

If that were the case I would have bought all my shares at .11.

The reason I didn't buy all my shares at .11 is I didn't know where the floor would be. I personally am most comfortable being in on or very near the floor...and am more comfortable buying stocks as they go down then chasing them as they go up.

Obviously -- not everybody is in at the floor -- but lets face it -- a lot of pple bought at .11 - .12 and those who did are not going to give up their profits.

This stock could take off tommorow -- but MY $$ says it is going to retrace further on profit taking.

Look at the tape ---

it closed the other day at .28

closed yesterday around .26

closed today at .23

It has been drifting down -- not up -- and that is a simple fact.

10,000 shares sold at .28 will buy 14,736 at .19

10,000 shares sold at .25 will buy 13,158 at .19

10,000 shares sold at .23 will buy 12,105 at .19

That is the way i see it.

Lazarus
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