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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: David Sirk who wrote (8414)7/25/1998 12:45:00 PM
From: xbrent  Read Replies (2) of 43774
 
I disagree that they are stock rich. Should three people buy 100,000 shares each in a five minute period you will see the stock move.
You can spot trades over 50,000 shares because they will take 5,000 and then sell the remainder when they feel like it at a higher price.
Five minutes later you will see a buy go thru for 45,000 shares. That occurred because someone put in a buy order for 50,000 shares. The same thing happens if someone ordrs 250,000. You will see a 5,000 share buy and then ten minutes later a 245,000 share buy.
Anyway, after many ten million share days this stock is pretty well bought up. Every time a million trades a chunk goes into someones permanent holding group. I think that the float is dried up. Here-to-fore lots of orders would go thru and not move the stock at all. Right now if a 500,000 share order came in it would move the stock a .01
My experience from the shake out when the Belize problem first happened indicated that their was considerable resistance (buying) anytime you get into sub .05 Watch again this week, it will quickly go above .05 MM's will move it back down anytime they think that they can buy on the cheap. The folks exited for the weekend gave them the perfect opportunity. They bought again below .05 and they will sell it back to us in the mid .05's and higher.
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