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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Nov 21 9:30 AM EST
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To: xbrent who wrote (3126)6/25/1998 8:00:00 PM
From: BONGIZMO  Read Replies (3) of 43774
 
Tonight I would like to provide some facts that some of you may not be aware of. Over 900,000 shares of PRWT traded at .08, although we couldn't break through that level it did provide us with building a higher support level. The 20 day moving average is just about .07 and even the 50 day has moved to almost .04. Quite impressive considering many of you started buying under .01.

I also wanted to agree with those of you that think daytraders may get left out in the cold when/if PRWT makes the next run. When PRWT made the move through .10 an interesting thing took place. The stock for the most part stopped trading in .001's and actually was trading in full cents. Though the stock had gotten a bit ahead of itself it did show where the big money will be made if one holds on and most importantly the company delivers.

In regards to last nights post about the service I use for insider transactions, it is the full scale real time level 2 package on Bloomberg which many of you may have and many of your brokers may not. It is pricey but I find it well worth it for charting, Edgar filings and other real time info.

Finally let's remember that for the most part we are all on the same team, it should be us against the MM's not each other. Remember why you bought PRWT or any stock for that matter in the first place and sell it when it hits your target price or more importantly if the reasons you purchased change for the worse. Other than that have confidence in YOUR DD and YOUR DECISIONS and develop a teflon coat against the naysayers and fear mongers that are only out for their own self serving needs.
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