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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: myturn who wrote (2273)2/9/1999 9:12:00 PM
From: Chris O'Keefe  Read Replies (1) of 5541
 
<<What do we need to move this mountain?>>

Hey, RG, you're in this one? Cool.

The way I see, the movie will sell, and then we go from there. In an eye blink, many millions of dollars in revenue will be reported as a result of the sale. After that there's this daunting task of moving a float of 80M. But I know it can be done. Lest we forget PRWT in June '98 with its 300M float? That was a 10-bagger for anyone who got in early enough.

Cola Can,
Yes it is amazing to see 100,000 share blocks being sold given the way we believe in this story. However, I've made it a hobby of mine to study the anatomy of the 3-baggers to 10-baggers and I assure you that sells happen at the dardest times.

PRWT, which I was just mentioned above, traded a whopping 94 million shares on 6/10/98 and closed at .015. The closing price on 6/9/98 was also .015! I don't remember if anyone complained, but they could have been thinking, "What does it take to move this stock?" Little did those folks know the stock would break a dime in a little over a week. In the PRWT story, the large volume with no gain was a frontrunner for an incredible increase in share price.

Nothing definitive in what I'm saying, I know, but just trying to offer a little hope that the large sells do not necessarily portend disaster.
:)
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