Stock Picks Central (www.stockpicks.web.com)
picked PNLK for this week of Feb. 4th to 12th! Buy more!!!!
Smile,
Talmid
Target Price:
Short term: $5.93 (1-3 weeks)
Mid Term: $17.75 (1-3 months)
Long Term: $43.50 (1-3 years)
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OUR CURRENT PICK FOR Feb. 4 - Feb 12, 2000
Pronetlink.com -
(Symbol NASDAQ OTC: PNLK)
Rating:
At current price of $2.63US
Technical: 2.5 Smilies
Fundamental: 4.5 Smilies
News And Rumours: 5 Smilies
Overall: 4 Smilies
About: ProNetLink.com, The Global Trade Internetwork, is a comprehensive business-to-business
E-commerce portal designed specifically for the international trade community. In addition to locating
potential markets and trade partners, ProNetLink.com members may conduct business functions
online, participate in live trade event netcasts, communicate in real-time with trading partners and
receive the critical information and resources necessary for the continued growth of their businesses.
ProNetLink.com also features PNL-TV, the Internet's first trade news broadcast network.
What's interesting about this stock is that it has yet to react to the amount of good press that has come
from the company lately. They have recently announced a new, quicker version of their website,
dealings with a prestigious Accounting firm and are the first .com company ever to go on a US Trade
mission. Fascinating news if you tell me. Personally, I believe that word of this stock has yet to hit the
mainstream buyers. I've heard few discussions on message boards but besides the odd message,
there has not been too much coverage in the stock.
Technically, the next few weeks may be a very good buying opportunity. The stock is in one of its
downtrends. The company's chart is highlighted by the inverted V-pattern the stock follows: it rises, and
then falls, and then resumes rising. Each successive rise is increasing which is a very strong technical
sign. We believe the minor drop we have seen recently will be working its way up for a large upswing in
the stock over the next 3 weeks. The MACD is converging and trying to determine market direction, the
RSI is showing slight negative signs as all the usual buyers are selling their positions for small losses
and the Moving Averages are deciding whether to set an up trend, remain flat or start a downtrend. In
due course, we believe the short-term negativity will be drained out of the stock leading to solid returns.
We like this company based mostly on fundamental reasons and the value we see in the company. This
is one of few B2B's which is gearing up for a Nasdaq small cap listing by cleaning up reporting,
introducing new procurement products into the internet marketplace and providing a generally healthy
product for online merchants. Some on the recent new headlines are listed below. Even with all the very
strong news which has come out, the stock has yet to manage a sustainable long term upswing. This,
we believe will change as word of the stock spreads and news of their new line of products comes out.
Thu Feb 3 PNLK.OB ProNetLink.com Retains Eisner as Financial Consultants - PR Newswire
Mon Jan 31 PNLK.OB ProNetLink.com Invited to Join U.S. Secretary of Commerce William Daley on
U.S. Trade Mission to Latin America - PR Newswire
Tue Jan 25 PNLK.OB ProNetLink.com and Actrade International, Ltd. Sign Agreement to Provide
Acceptance Drafts for Online B-To-B Transactions - PR Newswire
Tue Jan 25 PNLK.OB Actrade Capital, Inc. and ProNetLink.com Announce Partnership to Facilitate
Online B-to-B Transactions - PR Newswire
Thu Jan 20 PNLK.OB ProNetLink.com Launches Version 4.5 - PR Newswire
Short Term Price Target - $5.93 (1-3 weeks)
Mid Term Price Target - $17.75 (1-3 months)
Long Term Price Target - $43.50 (1-3 years)
PNLK Message Boards: ragingbull.com
Useful Links:
www.pronetlink.com
www.pnltv.com |
