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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST
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To: woodfall who wrote (5248)7/9/1998 6:02:00 PM
From: MOGUL  Read Replies (1) of 43774
 
HERE IS MY 2 CENTS......

I think that today was a litmus test for the MMs. They wanted to see the actual interest in the company for what it is and not just hype (which it's not). Tomorrow will probably be a little better guage of the PRWT vibe. MMs don't always make money you know, they do sometimes get burned like everyone else...so they like to test the waters before diving in. I think that the MMs are developing a confidence before going hog wild. It would be nice to have a 70% gain today but that would probably result in some type of correction within a week because of people getting scared.

I would rather have a slow steady climb instead of a massive run with a correction to follow. I know that some of the daytraders feel differently (and I will admit that if I saw any stock go up 150% in a day I would probably try to daytrade it as well...if I had the money). The nice thing about a slow steady climb is that it really makes it hard for the daytraders to make any money unless they are dealing in serious volume. I think that the MMs will realize that this is a FOR-REAL stock and the daytraders will soon be weeded out just by the natural laws of how the market works.

JMHO,

MOGUL
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