I just discovered eDiets this week and based on preliminary research thought it was a good one. I was very surprised to see the decline, with such large volume. The decline seemed to start at the same time as the conference call. Further research finds there is about 21 million shares outstanding. February 2001 SEC 13G's were filed for three individual investors/small investor groups (not big institutions) for a total of about 9 million shares. Price at that time was about $1.75. The filings indicate a December 31, 2000 date. Price of the staock on December 29, 2000 was $0.72.My best guess, and it is only a guess, is that some or all of these three investors dumped their stock. It also could be another reason which is unknown to me.Anybody else have any thoughts?
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