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Technology Stocks : The Panda Project (PNDA)
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To: chester lee who wrote (943)2/27/1998 2:06:00 AM
From: Rubber Man  Read Replies (1) of 1521
 
Well, they might just come back after PNDA posted large gains in the past two days ;)

I think the main reason for the rally is because the mm's can't generate enough volume by keeping the stock below marginable status. Notice the day before, even though the stock appreciated (but below 5), the volume was pathetic. All of a sudden we're over 5 and bang! you've got 20% more volume than average. That's just my conspiracy theory of course but in my mind in makes sense.

Even shorting at 5, I think there's great chance that we'll be seeing low 4's high 3's once earnings come out, so that makes a nice safe 20-40% gain. But oh what do I know I'm not the manager running Spectrum United Canadian Growth Fund.
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