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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce -- Ignore unavailable to you. Want to Upgrade?

To: judge who wrote (482)	1/5/1999 12:21:00 PM
From: Grant MacMillan	Read Replies (1) \| Respond to of 2994

I've been watching this thread since the run-up, although I must confess that it's hard to keep up with all of the posts. The correction is hardly unexpected and certainly not to blame on money managers. A stock that goes up 500% in a day is bound to attract a lot of short term money, and once the initial euphoria wears off, the short term money moves out, putting pressure on supply. Somebody posted earlier that Fortune was a promotions company, you are seeing the end result of any promotion. The smart money sold at $1 and will buy back in later, at a much lower price. GM