PNEC (Old PLNE) Message Board

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Non-Tech : PNEC (Old PLNE)

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To: Due Diligence who wrote (86)	12/21/1999 9:11:00 AM
From: Ga Bard	Read Replies (1) of 101

the low volume is what is wrong with PNEC ... We all have watched stocks with low volume get walked down by the MMs... one it serves to keep the market liquid and addresses the emotional weak to sell for a loss and second thus builds an inventory for the next interest of volume plus the downward movement tests the buying level. You are right though there are very few OTCs that deserve a long classification. SOmetimes you even wonder if the long classification you have given one is not a mistake. I am very comfortable with my longs and I am not even trading right now. To dangerous to day trade in the last two weeks of the year. Leant that from two years previously. Boy remember how upset we were in 1997 ,,, a bit more understanding in 1998 and now we know what is going to happen which is why I went long first part of December .... :-) Gary

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