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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: xbrent who wrote (5258)7/9/1998 6:36:00 PM
From: BONGIZMO  Read Replies (1) of 43774
 
Hello everyone, I've just finished going through all of the days posts and noted a few questions that I might be able to shed some light on.

First of all let me reiterate looking at my post 5010 from yesterday, it will better prepare everyone for the inevitable flip flop of our resident bashers.

Second, I must chastise you again ROSARIO for giving outright false info. in post 5153, PRWT has not yet traded at .49, if you checked closely you would find that trade was a .049 where an MM missed the extra tenth, it was corrected but the computer doesn't know that so let's not hype/bash the stock based on wrong information.

Now on to more important matters our little PRWT, the stock did see heavy buying but the MM's put up a wall of stock. This is for one of two reasons, they either had some large sellers or they were creating a short position with all of our buying with the attitude that they could cover later on. Remember that an MM can buy or sell from their own inventory thus they can do what serves them best regardless of supply and demand. This can work in our favor, if PRWT keeps up the events showing revenue growth the MM's may start to accumulate it for their own means with the idea of retailing it out later at much higher prices.

Finally a new MM appeared today as Barbara may have noticed. I believe it was Baird Patrick and they definately were our early morning seller. Have faith in our investment and if PRWT keeps moving forward all of these games early on with the stock will eventually work themselves out and we will move to higher ground.
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