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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter

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To: allen v.w. who wrote (21143)	6/28/1999 10:43:00 AM
From: Bryan	Read Replies (2) of 40688

Hello everyone......if I may grace you with my TA (get your minds out of the gutter if you think it's anything other than (Tech Analysis). PNLK has been holding critical support near 2 3/8- 2 1/2. I've noticed a few thread members saying that we need to get it back above $4. Well it looks as though there may be short term resistance around 3 13/16- 4. Not that I intend to sell there... I suspect that a close above that resistance is imminent soon, and it definitely would be a bullish signal. Still, we need to close above $4 for several consecutive sessions before we can say the old resistance level has turned into a new support level. The past several weeks of range-trading has once again confirmed the downside support (near 2 3/8) and upside resistance (near $4). stockpoint.com Considering the real lack of news and the recent overall market conditions, PNLK has really held it's own. In addition, taking into consideration upcoming events and results of a well organized AD campaign, a test of the topside resistance (at $4) should come into play relatively soon. JMHO of course......... bk

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