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Technology Stocks : PINNACLE MICRO (PNCL) - A QUALITY PICK FOR '98
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To: Zam who wrote (1146)7/28/1997 11:53:00 AM
From: Zam   of 1709
 
Some profit taking took place this morning blocks of 5000 to 7500. I see more selling coming if the large blocks will not participate in the uptrend. Apparently, a lot of people are staying away from PNCL, and a lot are sitting on it, waiting for an exit point. either way, it looks like it is going down due to selling at some point in the near future. Also remember that the official Q report has not yet come out, and we may see some disturbing facts in it, such as why they lost money, and how much they are projecting to loose or make in the future, either way, it is a little dangerous, and I could see some people getting out, I expect it to bottom at $0.96 today on profit taking, but it is hard to predict. I can not see the attractiveness in buying PNCL at this juncture, maybe after the Q report is out.
right now the bid is 1 1/32 and the ask is 1 1/8.
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