PanAmerican BanCorp (PABN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ROSARIO who wrote (10987)	8/9/1998 8:15:00 PM
From: Tom Murphy	Read Replies (1) of 43774

ROSARIO...I have seen large block trades on Penny stocks on numerous occasions. You are probably right, there may be something up (good news coming, etc.), but there are other explanations. It is obvious you are an experienced trader so you will know what I am talking about. Forbes magazine recently did some research on Nasdaq trading and determined that over 40% of the daily volume on the Nasdaq was "churn"...MM's trading among themselves to create volume and price movement, hence creating investor interest in a given stock. As this regularly occurs on the Nasdaq National board and small cap issues, I am sure you are aware that it goes on to an even larger extent with the BB's, most notably Penny stocks. I personally hope you are right, and the "buys" were in anticipation of good news coming soon..Only trying to keep a balanced perspective.....Good Luck Monday...I'll be keeping an eye on PRWT, but spending most of the day trading the Net Stocks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next