Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 291.73

-1.8%

Nov 13 3:59 PM EST

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To: Stock Watcher who wrote (11229)	6/26/1999 2:32:00 PM
From: Mark Konrad	Read Replies (1) of 52051

PNLK...Friday's big gain on 3x recent volume puts us squarely back into the previous channel of 3-4. Based upon the closing price and PNLK financials I expect some follow-through on Monday's opening. We may then get a quick profit-taking pullback to perhaps 3 but, IF that happens, it would be fast. Assuming no surprises from the Fed on Tuesday, PNLK would likely churn between 3.25-4.00 for the balance of the week and into the next OR until PNL issues a PR. Official news of GZ's trip, additional alliances, NASDAQ preparations, etc., would easily push us past previous resistance at 4 1/16 and probably launch another frenzy like we saw a few months ago. However, we would not likely see a pullback to the 2's and 3's again given the strong fundamentals of the company and the size and scope of the B2B marketplace. Previous highs will be shattered before winter and there will be no looking back. Bottom line: NO ONE HAS MISSED THE PNLK BOAT. IT HASN'T EVEN LEFT THE DOCK YET. I will continue to add shares as finances permit. All this IMO, of course--MK-- ------ Previous

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