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Gold/Mining/Energy : PYNG Technologies

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To: Black ink who wrote (1286)3/20/1998 3:19:00 PM
From: the Chief  Read Replies (1) of 8117
 
HI Black Ink. Where does one start. It appears Pyng has just lost steam. I was concerned with the $4.90 breakthrough because it started the 15% losses kick-in for the people who bought at $5.70 and above. The $4.50 level was more significant because the people who bought at $5.25 would start getting nervous.

The stock is holding at $4.25 at the moment with both weak buying and weak selling. Honestly, I am quite surprised how many "quick buck" people bought in above $5.25 . When it didn't happen they bailed. The stock absolutely has to stay above $4.00 or we will run into another problem at $3.90 MOO (my opinion only)

Thats all she wrote, for now!!

the Chief
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