LINC - Plenum Communications (was PLNM) Message Board

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Microcap & Penny Stocks : LINC - Plenum Communications (was PLNM)

LINC 24.90

+0.8%

Jan 9 9:30 AM EST

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To: xclently who wrote (278)	5/19/1998 9:20:00 PM
From: Larry Brubaker	Read Replies (2) of 837

Peter: Hate to say it but the price history you posted is the classic signature of a pump and dump. You start with an unknown company which has a very low price and very low volume. You add some quiet accumulation while the pumpers take their positions, and a small upward movement in price. You see very quick, very large volume and price increases (the pump), accompanied by PR and internet hype. Culminating in huge volume when the stock hits, but does not hold, a new price high (the feeding frenzy, and the beginning of the dump). Substantial price decreases on first high volume, and then moderating volume. Back down to where it belongs. We've seen projections of huge revenue increases that appear to be from sources other than their current revenue source. We've seen very sketchy descriptions of these other sources of revenue. We've had numerous suggestions that fundamental valuation doesn't matter because (choose 1) it is "a wonderful BB stock" and it "is an internet stock." We've also seen people who bought at $2.75 who currently have lost almost half their money. Sad, but life in the wonderful world of BB stocks.

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