Pallet Pallet Inc. Message Board

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Gold/Mining/Energy : Pallet Pallet Inc.

PPAL 60.10

0.0%

Sep 23 11:27 AM EST

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To: marcos who wrote (270)	6/1/1997 12:53:00 AM
From: AL R	of 451

marcos / Pure Speculation I'm getting gun shy these days and are paying attention to any thing that looks like a red flag. I haven't looked at PLT reports for awhile, but from what I remember the only bright spot was Pallet Banking. If they can't grow that, I won't expect any great results. I understand they needed the bank deal to do that. We don't know why the deal didn't happen and I can only speculate PLT prospects didn't look that good and the bank got demanding. Took long enough. Management claimed that the last Quarter is traditionaly slow. If true, one should see better results even if things remained status quo. I agree. Management needs to report in a timely and accurately manner; warts and all. They owe that to the share holders and would help boost investor (word used loosely <g>) confidence. PLT has been used as a bad example in several articles lately. I started to think about PLT @ .20, but took a reality check. I thought the drop to .16 on the bank news was overkill and almost bought; probably would have at .15. The way I'll play this stock is to buy on a dip to .15 and sell around .20. PURE SPECULATION. 10 cents is too close if it hits .14 . It needs support at .15 for me to buy. I'd be selling @ .14. All this with no more money than I would take to a Poker game. I know many have bought way up there, however, I don't see averaging down as a good move. Too many negatives and if this company does turn around, IMO it will be a long hold. Chart doesn't look good <g>. BTW MPI up to .49 Good luck Al

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