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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce
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To: Stroke who wrote (2163)4/30/1999 3:25:00 PM
From: kiwi  Read Replies (1) of 2994
 
I can't understand why anyone would be selling at these levels, apart from the obvious selling associated with daytraders. What is driving the price down is the large 20, 30, 40, 80 thousand share blocks that are being sold. Without these, then I am sure that on the amount of buying there has been this week we should be tracking closer to $1. Overall the volume has been encouraging this week and the way I see it, when the seller/s finally run out of shares (hopefully soon) then we have an opportunity to build some momentum and higher share price from now to the launch, scheduled for sometime June. From the way the company is working through the business plan I have no doubt that there will be plenty of news in the interim to fuel the market. If these are pp shares being sold then I guess they have served a purpose and provided the company with crucial start up phase dollars when they were needed, as Jeff said. At least these shares are now moving into stronger hands as there seems to plenty of accumulation going on out there.

This is only the beginning IMO as once the investment community at large gets hold of it and we perhaps see some institutional support then there will be no holding this one back. As I've said before, I can wait.

regards

Kiwi
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