PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: Roger Bodine who wrote (2268)	6/23/1998 8:39:00 PM
From: LegalBeast	Read Replies (3) of 43774

OK, here is a guess: Most of the folks that are here fit into two categories: 1) The ones who have decided this is a good long term hold, and 2) the ones that caused the upswing the last half hour or so. Why did it tank? Well, if you look at the pattern each day, it was not MM games. It was frustration. All of this talk of "I know something you don't - na na na na" and "News tomorrow". It is a no-brainer. Look at just about ANY BB stock. It will move up on momentum and when the expected news does not materialize, then it drifts back down as folks bail. You might ask why it tanks on lower volume. Simple, folks have stopped buying and others are selling. As more jump on the sell bandwagon, the price drifts back down. Now, ponder this: Suppose that all of the hypsters would just shut-up and leave their crystal balls in their britches. It might still drift down, but it would be because of profit taking, not frustration and fear that they have bought into a scam. If that were to happen, I really think the dip would have only been to .08 before it started back up ... Just food for thought.

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