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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Sep 23 11:27 AM EST

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To: terry astle who wrote (311)7/19/1997 10:33:00 AM
From: A. Martin   of 451
 
This stock could break away next week.
I don't know anything about a takeover, although I think PLT is a prime candidate for a white knight takeover. But, I have this feeling and it is only a feeling, that ONE MORE DAY with an uptick of a few cents will mean PLT might be seen as a bandwagon stock. Take a look at the stock chart, the past little while has shown some serious growth in the stock price. It has essentially doublled in price! Geez, I never thought I'd be able to say that about PLT again. But look at it -- if the price continues for another day or so and the volume is high, I think a lot of people will have to look at PLT as a short term stock play. And therre aren't too many of those these days. The next play that comes along could get a lot of attention. If that happens the stock will probably get above 0$.50 easily. We've seen PLT take runs for well over a week in the past. The stock price could jump quite significantly over that period of time.
Anyway, these are just my thoughts, but I will be watching what's going on on Monday very closely. I suggest that everyone takes their offers for $0.28 through $0.32 right off the board for the opening. Let those who want to buy the stock buy it over $0.30. Take your offers to sell right out if you want -- you may get an extra 10-20% easily on Monday -- more if you're inclined to wait until Wed or Thurs.

My thoughts only,
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