SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PKGP (Packaging Plus)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lawrence Burg who wrote (2371)5/21/1998 7:03:00 AM
From: Richard Mazzarella  Read Replies (2) of 4783
 
Lawrence, the chart does look like we topped and stalled. However, I also do FA in addition to TA. People bought into the "hope" of the end of the cloister and a flood of of press releases. Since there hasn't been any factual report of PKGP buying UPS <VBG>, or anything close at the speculation date, we stalled. The MMs now have a chance to do their dirty little deeds if the company doesn't come through and support the stock. Played right, the company can screw the shorters big time with a news campaign, a little justice? (Let the shorts take the stock down one more time, then the flood of PR for the squeeze.) Bottom line, the charts tells me to sell, but FA tells me that I could miss one monster short covering move if I'm out. Risk/reward? I hold.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News