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Microcap & Penny Stocks : ProNetLink..(PNLK)
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To: J.M. Grindle who wrote (4376)5/15/1998 4:10:00 PM
From: R. Bond  Read Replies (1) of 8242
 
T/A Take:

The stock just broke out of an upward sloping wedge pattern (very bearish). Normally, more downward movement may be expected. However the volume doesn't completely confirm the move in the classic sense. Pring: "Risng wedges are fairly common as bear market rallies." PNLK has been in an upward breakout from a trading range. But, hey, he was right the stock broke to the downside.

FWIW, my gut tells me to look for a dip at the open on Monday and get in there.

Have a good weekend,
Bond
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