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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)

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To: greg Benfield who wrote (309)6/25/1998 7:41:00 AM
From: greg Benfield   of 1020
 
After reviewing the heavy volume...and downward spike...I think we could have been hit by a couple things....someone sold and no one wanted to buy at those quantities and prices. Why could this happen?
Selling as we have been told takes place for several reasons needing cash, losing patience, losing faith, shorting, etc. Buying takes place for the simple reason that people want to own a stock they think will go up and they have the money to do it.
Why did people sell? Because they wanted out for a variety of reasons some probably relating to the stock and some relating to their own situation. Some might have wanted to short the stock thinking it has been pumped up...we shall see.
We haven't people bought? I think everyone wants to squeeze that extra 1/8 out of the share price. I for one did not know it dipped until close to closing. I plan to buy more now and a lot more when I can free up some funds. The main problem why I think not many people are buying is because not too many people know about this stock and its upside potential.

Greg
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