PanAmerican BanCorp (PABN) Message Board

STOCKTALK

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 : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: barbara sperino who wrote (1580)	6/19/1998 11:01:00 AM
From: J. M. Burr	Read Replies (1) of 43774

Barbara: Some shares were shaken free, but not as many as they wanted. This game began yesterday afternoon approximately two minutes before closing when the stock was up about a half-cent. The stock was knocked down and suffered a daily loss after the bell! From that point until about 10:30 today, when the stock began (I believe) its rebound, some 7.5 million shares passed hands. Nothing spectacular, really given past trading patterns. When I first checked this stock, perhaps an hour after opening this AM, I asked my broker to fill 500,000 at .06 and sell the same 30 minutes before the close today. I figured it was money in the bank, and I already own enough of PRWT. He could not fill. Obviously, many people had the same idea. I believe that the MM were aware that the company was about to issue a blockbuster press report and wanted to grab as many shares as possible before that occurred. Scare the crowd tactic didn't work -- or at least let's hope it didn't. Tumbleweed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next