PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: LINEMOVER who wrote (10037)	7/31/1998 2:09:00 PM
From: xbrent	of 43774

On why the share price is down. The trend is your friend. A old but very useful little saying. PRWT has trended down since .059 right after the Belize debacle. The Belize mess was in deed pretty scarey at its worst. It definitly put a damper on the momentum we had before Belize. I think that we would be close to .10 + or - had the pre Belize momentum continued. The stock market is 50% emotions at times. Thats how stocks are oversold and undersold. People say if it drops one more tick I am gone, I don't care what anyone thinks or my own analysis. The price is telling me something different. Then the next guy says the same thing and thats how stocks get oversold. Same on the way up. Can't stand to watch it go up anymore look at RMGG. One day the trend up or down is so pronounced that buyers step up and say boy is this stock a deal. Then the trend runs the other way, people say I would like to join that parade and off you go. This problem happens to almost all stocks. Right now PSIX for example is in a downward trend. This is DLJ's # 1 pick. Lots of big buyers past $20. On July 24, it nearly touched $22, now it is in the $17's. I shorted it four times. I assure you that pretty soon the buyers will step back in and it will rocket. Right now it is selling off and soon will be oversold.I am long CMP right now, lots of potential and lots of upside. No one can control, predict or stop overselling and overbuying. When a stock gets to either end of the spectrum there is great opportunity, but it is stepping in front of a train when picking tops and bottoms. Perhaps the PRWT trend bottomed out today, thats my guess. I have not sold a share nor have I considered selling. Don't care for my equity paper position at the moment. Thats life, but I am confident in the stock and glad to have the position that I have in it.

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