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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: belleMeadb who wrote (5827)7/15/1998 8:31:00 PM
From: Benchman  Read Replies (1) of 43774
 
Belle, I watched the ticker most of the day, it was mostly buys, and in big blocks. If someone were selling large quantities into the buying today, it would have gone off at the bid. I saw very few trades go off at the bid, and only one big block (an odd amount, something like 118,700). So IMO, there was no large dump off from someone today. The MM's really did hold it down today. Also, this was not typical of PRWT. Normally, when we have had large buying, the stock goes close to .06 or over, rising a penny or so, then selling comes in, and we fall back to .05. Today, we just sat at around .048/.049 all day. I have heard that this happened once before when the stock was at .015, shortly after, the stock ran to .125 in 3 days (I think). I wouldn't mind a repeat performance :-)

Rob.
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