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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: Stan who wrote (22600)8/9/1999 8:50:00 AM
From: Bryan  Read Replies (1) of 40688
 
....I've stopped thinking of PNLK while it's a BB stock in typical terms such as support or resistance. This helps me not to lose my perspective. There is no way to have reasonable confidence in the price activity until we are on a big board, when institutions and analysts will be involved. This is something that I'm counting on. Therefore, I've viewed this as the time for buying only, not selling

Stan,

I couldn't agree with you more about the timing to load up on PNLK.  I have been accumulating since $2.75. However, I have been using TA as a guide since the runup to $8.00 and I have been saying for months that a slide to test support near $2.00 would probably happen (to everyone's disgust, I'm sure). Regardless of the fact that PNLK is not a big board listed stock, IMO you can use TA (even simple trend line analysis) to help determine things like support and resistance for entry/exit levels. The MM's are doing it (even on the BB's), so I feel that I can keep up the pace of the race by looking at some of the same things they are looking at.

BTW.....I'm not selling squat here or in the 2's. Plus everything is in type 1, so no one is getting their hands on my shrs......so there.

bk
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