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Microcap & Penny Stocks : Short Squeezes

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To: jeff lipschutz who wrote (64)9/12/1997 2:28:00 AM
From: mtnres   of 182
 
Strange things at PLRN today. Listen to this.

There were only 20K traded when I bought in. On my buy they lowered the price. Then, over the next nearly 1/2 million shares bought the MM held it at that same price. Then the daytraders dumped very few shares and they dropped it twice. The activity didn't seem quite right here. Especially on a stock that gained 100% the previous day.

The short busters may want to look into this one. There is a thread on SI for PLRN but not many SI'ers into it yet. If anyone has any info, let me know. If some of the land acquisitions pan out for gold or oil this will go from 3-4 cents to 30-40 dollars. One the other hand, if the MM have steadily beat this one down to kill it as the chart looks, it could be another OVIS. They may have dropped it on my buy to discourage anyone from buying in as they had hoped to have it to zero by now so they wouldn't have to cover.
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