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Microcap & Penny Stocks : CRGI... (Creative Gourmet)... The DD. -- Ignore unavailable to you. Want to Upgrade?

To: kbert who wrote (239)	7/8/1999 10:42:00 AM
From: Tom Allinder	Read Replies (1) \| Respond to of 411

100K-400K... doesn't matter... price will only go up under buying pressure. We haven't seen any significant buying pressure in last month. Sources close to the company have been telling me for weeks that significant buying would come in "next week"... next week has yet to come. Was told again yesterday that significant buying would occur this week. My reply: "I will believe it when I see it." I should have bet this individual..... I told him we wouldn't see .30 or better on the bid until Sep/Oct. He thinks this week. I would win the bet. If the bid does get to .30 or more it will return to .20s shortly thereafter on selling... probably same individuals who are dumping now. Probably someone in or close to the company who got lots of shares at .05 or .10. There was ample opportunity to buy the stock yesterday and only significant trade was a 10K sell. In fact last couple of weeks buying has been small 1-5K while most 10K+ trades are sells. These sells occur just as soon as the bid upticks to .26 or better. I also believe that the biggest volume trades on this stock over the last several months have been sells. No one in the company has filed 144s to buy or sell.... but then, there are lots of ways to unload stock. I need to find out if IR/PR is being paid in stock.... that answer might provide a clue as to who is selling... ya think? Bottom line is: I don't believe there are any interested investors, or big investors or investment clubs interested in CRGI. I think CRGI will move up on fundamentals and on the backs of small investors like ourselves. At some point, the stock will move rapidly up on buying pressure from traders. Than we can all get out with a nice profit. CRGI is not going to move until interested traders re-enter the market in the fall. It's summertime. Tom