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Microcap & Penny Stocks : ALFN - Toy Store On The Internet

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To: paulbk who wrote (94)2/8/1999 4:49:00 PM
From: M. Dion  Read Replies (1) of 2136
 
Thanks for the cudo's........Its simple math at this point........frist of all, no one seems to post that the float is 1.5 million anymore........so, anyone who has followed this stock minute by minute knows damn well that their is a huge seller out thier......

Is it insiders....No way.....With all the things that are happenning, it doesnt make sense....

Is it shorter....No way.....Shorters arent going to short a stock that supposedly has only 1.5 million in float...internet related....and on a roll....

It is someone who could care less about news, valuation or future....Its someone who owns the stock at a very cheap price and is looking to get liquid.....It is their financiers.....who did the 504...at a substantially reduced price....and are dumping into all our buying.....Most 504 buyers have no emotion.....just profit oriented.....regardless as to the well being of the shareholders.....and lets face it folks....If you bought 7 million shares at an average of .125 cents....and could sell the whole thing at an average price of .34 cents.....you basically tripled your money....HELLO......

Look back in a few months after this company gets fully reporting....or after someone has spoken to the chairman...and tell me if i was wrong....I am not wrong on this one...

so, with that in mind, how do you play it.....I figure their are about 7 million+ in float (Earlier i had said 6-7)...revised it.....buyers have taken in my estimate over 5 million out of the block.....

2 million left.......One more big day of volumn like todays.....and we are done with the overhang.....except you wont see the stock move up so easily in the future.....much slower as a result of all the shares sold in the 30's.....

I figure we wont see the volumn again tom.....i see the sellers being relentless....taking the stock down to the low 20's before they are done......once their done......hopefully that will be in conjunction with a nice news release or so....taking us back up to the .60's or .70's....

possibly higher.....not likely.....

good luck

mike

PS...Give the chairman/president a bunch of crap on this one......If he says he hasnt done a financing....He is a liar....tell him i told him so......
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