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Gold/Mining/Energy : PYNG Technologies

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To: the Chief who wrote (2121)	4/26/1998 2:30:00 PM
From: Pierre J. LeBel	Read Replies (1) of 8117

Chief, I am confused... Last Monday, you were saying: My forecast: Momentum downwards through to $3.75 with a recovery to $3.95, and trading at this level to next "event" Today, you are now saying: We on the other hand believe the stock will cycle between $4.00 and $4.90 with opportunities to take some profits and lower buy in costs. The position of a $4.00 to $4.90 envelope has been demonstrated, whereas your $3.00 scenario has not. Does it mean that you have changed your mind and now expect the floor to be around the $ 4.00 mark instead of the $ 3.75 projected earlier this week? I vaguely remember a month ago when you told me that I could never buy this stock below $ 5.00 again!!! Although I am bullish on PYT on the long-term, I still believe that the stock is overvalued on the short-term and we will see $ 3.00 or even less within the next five weeks, maybe sooner should we get a severe correction in New York. For some interesting information, have a look at this: nwlink.com ) Have a look at the chart and it clearly shows some support around $ 2.80 - $ 3.00, nothing serious until then. Have a very nice day. Pierre

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