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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!

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To: Sober who wrote (228)2/17/1999 9:10:00 AM
From: MarieS  Read Replies (1) of 353
 
Barry, you miss the point. SHRP is unethically misleading investors via their tout press releases and insiders are selling into it. Try a total of 1.9 million shares. Most since summer '98. For a company with 8.5 million shares outstanding, this is a big red flag and is "cashing out" by any rational definition - average daily volume is not relevant. Insiders are smart sellers. Today's buyers are dumb buying thinking they own an internet stock. As for a take over, do you think Dick Thalheimer just sold 500,000 shares for himself and kids if he were about to sell the company for more than he is selling his stock? He's smarter than the buyers. This stock sold at $3.00 last year and now has $3.0 million in internet revenues on a $243 million sales base and whoopie! the stock is $16.00. Don't be scared, keep buying. Dicky loves people like you.
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