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Microcap & Penny Stocks : ProNetLink..(PNLK)
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To: Tim Luke who wrote (1278)4/30/1998 1:59:00 AM
From: Sowbug  Read Replies (1) of 8242
 
I have no position in PNLK but am considering one, depending on tomorrow's action.

The board doesn't have a consensus whether this stock can be or has been shorted. It seems there are three possibilities: yes, no, and not by retail investors but by someone else.

I'm wondering whether anything like the recent KTEL short squeeze is possible in the near future. Assuming that (1) the T+3 rule applies, (2) short interest grew significantly Tuesday and today, and (3) PNLK's float is similar to KTEL's (i.e., small), then we should start seeing forced short covering Friday and Monday.

But if shorting's not possible, all bets are off on the squeeze.
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