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Microcap & Penny Stocks : Pacific Diagnostic Technologies (PDTK)

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To: baystock who wrote (184)9/15/1997 2:19:00 AM
From: Kamil Etem   of 262
 
I'm very interested in questions about "cash flow" and "income potential" and "product R&D." That 20K investment at these prices represents a larger percentage of outstanding shares then at first glance. My guess is that the MMs have a large reserve of shares sold on the way down then they care to hold. Ask Volume=Price rise due to fewer shares available. EVERYONE please hold on to your shares until this thing gets back at least to $2-$3 per share. For every share that is sold the supply side (shares available) will increase and share price will decrease. This company needs INVESTORS not the MS traders. Its the difference between a "fling" with a company and a committed relationship. This is a buyers market; undoubtedly this technology will have its day or be purchased by a larger company with the proper marketing and sales capability. Most medical product technologies have a lot of hurdles to rapid profitability. My hunch is that regulatory factors have had a large influence on investors here.

Ram, those shares will be valuable. Talk with ya'll soon as I have some info. Friday's action was not the end here, by any stretch of the imagination. I expect to see at least 3 days of buying with higher volumes, perhaps not as high as Friday, but higher than the last couple of months averages. IMO, of course, based on past experience with large percentage run-ups with microcap companies.

Keep the thread alive!

Kam
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