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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid
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To: Soccrates who wrote (3851)3/5/1999 10:51:00 PM
From: Rande Is  Read Replies (2) of 9115
 
Mr. Soccrates. . .I believe any reference to pump and dump with regard to the PCES stock is directed to those that bought their shares on Thursday, then waited for just the right time to "blitz" the SI threads with PCES info. . .posted all over within minutes. . .not spread out over days. . .minutes.

Take a look at the full-text search on PCES and you may still see some of the original posting. . or just look around at all the popular threads. . .it is there. That is the pump part, for your information.

Notice the company has nothing to do with it. . .they were clueless and innocent, I am sure.

Then as the price began to rise, it attracted more and more attention. . .the timing was important. . .and my guess is that ALL of the shares purchased on Thursday afternoon and Friday morning were "dumped" into the new buying CAUSED by the pump. . . probably above .20 cents.

Again, the PCES company had no clue what was going on, nor did the merits of the company matter to anyone buying. It was STRICTLY a momentum play. Those that bought above .20 were thinking that there MUST be some "reason" everyone ELSE is buying. Now they are left holding the bag, so they must "fabricate" a justification for holding the stock. . .as though there is some great intrinsic value to be found.

And for the sake of those left holding, I really do hope there is and that everyone can get out with a profit. Unfortunately, that almost NEVER happens. As for "tanking," by dropping the bid on the stock down below where everyone paid to buy it, the Market Makers can make the lions shareof the profits from the move. That is also common.

Nothing I saw today in PCES was the least bit out of the ordinary.

If anyone here did NOT understand what happened. They had better put their money back in the bank where it belongs and find another hobby.

Rande Is
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