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: ROSARIO who wrote (2851)	6/25/1998 12:09:00 PM
From: Currency	Read Replies (3) of 43774

Rosario, I understand why you daytrade. But, let me tell you a different tactic. Daytrading is not a way to maximize your profits. It kills the momentum a stock can build on. Right now, we're trading on a 1/10 and sometimes 1/100 of a penny spread. Daytrading will force a stock down and the buying brings it back up. If we all hold, the stock has to continue to climb and we'll get to levels where the spread will be in the 1,2, or 3 cent range. Image we're at .25x.28 and the next PR comes out. We'll climb to .40, .50, and more. That's a tremendous amount more than where we are at now. But, by daytrading, it keeps us in the singles digits and the most you can make is a penny or two at a time instead of dimes and quarters. Kevin

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