Panther Resources Ltd. (PTHR NASD BB) Message Board

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Microcap & Penny Stocks : Panther Resources Ltd. (PTHR NASD BB)

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To: Greg Largen who wrote (243)	6/10/1998 12:29:00 PM
From: Pietro Manniello	Read Replies (1) of 618

Panther Resources (PTHR NASDAQ OTC BB)- Silver Mining in Mexico Notes: As I mentioned last month, if PTHR broke through the 40 cent support barrier then it could drop to 30 cents or less again. Panther is now at 28 cents just 2.5 cents off its low of this year at 25.5 cents. It never fails to amaze me that a company with so much positive news keeps dropping in price but that's why we look at the indicators. Our technical stop loss was triggered at 38-39 cents which has put us in the hole by 6 cents a share for this second round. (For newer subscribers, many of us who used the TS technical sell strategy in April made up to 300%.) Early warning Buy indicators are shaping up once again. Since the beginning of June the W%R indicator has ranged from 86-100% oversold. The lower BB band has been penetrated and the stock has been trading below it since June 1st. Yesterday, June 8th, the RSI dropped below 30 for the first time with a rating of 8.4139 and today it was 27.4539. Technically, it makes sense to start slowly chipping away at PTHR again. I say slowly because who knows how low it may go. There is no support below 25 cents. It makes no logical sense it would drop below that but it makes no sense that it is sitting at 28 cents either so take your time! Bottom Fish at 27 cents or less with a portion of your bait and see what you catch. CPM GROUP'S REPORT IS NOW AVAILABLE!!!! This report is 14 pages long and I would suggest you read it over by going to Panther's web site: www.pthr.com NEW INVESTOR PACKAGES ARE AVAILABLE. IF YOU HAVE AN OLD PACKAGE TOSS IT AND GET THE NEW ONE Phone 1-888-346-3453 e-mail info@pthr.com or www.pthr.com ASK TO BE PUT ON THE COMPANY'S E-MAIL NEWS LIST, IT IS VERY INFORMATIVE!!! Contact info@pthr.com Global Securities price target: $1.25 Their number is 604-689-5400 *****************************************************************************

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