Got a newsletter that has a PANA writeup in it, from Michele today. Something called the "Energy Letter", put out by Burns, Gustus Equity Research, which is a division of Wyoming Financial Securities. Editor's name is Joseph Anacona, 561-795-7340. Never heard of 'em but what do I know.
They maintain a "Strong Buy" on PANA and in a 2 paragraph update, dramatically raised their 2000 projections, to earnings of $.40 and cash flow of $1.45 per share. Nice to see these guys finally start to see things my way!
Newsletter was dated 6/12 and may have been responsible for the spike up to $1.69 on 6/13, with immense volume.
Newsletter writers tend to travel in packs, and when one guy picks something up and shows he can move a stock, other ones start jumping on the bandwagon. The key in the newsletter industry is to be able to clearly show that you are the hammer for a stock. Do this and you sell newsletters, plain & simple. |
