PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Nov 21 9:30 AM EST

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To: John-marc who wrote (3195)	6/26/1998 7:17:00 AM
From: BONGIZMO	Read Replies (2) of 43774

Good morning everyone, I usually don't post this early but I wanted to respond to some questions regarding my earlier posts. John-marc, you are correct about the simple moving average being .048. I failed to mention that my computer allows me to use a modified moving average which takes volume into account thus giving a better overview. It is simply a matter of personal preference but with PRWT's volume being what it is you can see why my MAV's were higher. The short term Stochastic does seem to be reversing up but I can't stress enough to everyone to simply look at these out of interest as all technicals still don't apply well to pennies. It just seems that maybePRWT is going to be the one that does in the future.,..we can only hope. Alton, I am not really sure what to make of yesterdays action. With all the volume early on and the quick reversal in price over the last two days it appeared that either there were a lot of folks with limits on the sell side around .08 and it just created a ceiling on the stock. It appeared that the MM's simply had plenty of shares to offer out or they bet they could out last the early buying and simply shorted the shares to the buyers and sat on the bid later in the day collecting shares in at lower prices. I lean towards that for no other reason than far more shares hit the bid than the offer and the MM's really didn't punish PRWT to badly. Rosario, for the most part you do this with most any actively traded larger issue. QWST is a great one over the last year to see how it would go up, retrace to it's support levels and then resume it's upward climb. This happened time and again, you can even use the charts to see how each time it broke key areas of support the stock would drop hard and fast on the downside. It works either way up or down. Look at Sunbeam, that debacle that has crushed many a fund manager recently, if you go back before all the fundamentals started collapsing you can see that the stock was starting to erode indicating that some folks far more in the know than you or I started to sense something was up and began systematically easing out of their positions. Well I hope we all have a good day and maybe even catch some action on PRWT off this new website. I think it looks good considering they've only been around for such a short time. I also did hear the rumor that Costa Rica was the next location after Belize, I think Mayor may have posted it and I believe we don't have the same source for what that is worth.

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