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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)

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To: Wally who wrote (1869)5/21/1998 12:29:00 PM
From: ajd/mba  Read Replies (2) of 2897
 
RE: The WEB Site

I too hope the FNTN web site makes a difference. BUT - we would all be wise to look at what has happened to PNLK stock and PRAY to God that that debacle doesn't happen to FNTN stock and this thread. I know that there are more than a few people who have FNTN and PNLK.

Yes - I know that we promised to NOT bring other stocks into this thread, but I really think that this is important, so PLEASE don't jump my s#*t.

In a nutshell and JUST MHO, PNLK suffered a classic fate of too many BBs. The possible relevance to FNTN is that PNLK stock was "hyped" on the basis of their "revolutionary" web site. The thread was going nuts as the stock rose. Wild predictions about the stock price. Warnings about MM tricks. The web site is up and seems impressive. PNLK stock? Down from $8.00 to about $2.75. During the price decline the PNLK thread deteriorated into a real "pissing contest between skunks" and finger pointing. The PNLK thread? DEAD at the moment.

I don't know exactly why this happened to PNLK. My pea brain can't sort out if it was a pump and dump, MM manipulation or just a classic case of "rise on rumor and fall on news".

To me personally it reinforced the cardinal rule to set upside and downside limits and be very wary of a stock that goes balistic on anticipated news...

Again, pardon me for bringing up a stock other than FNTN. I do not want what happened to PNLK (or any other stock) to become a topic of this tread!
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