PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Nov 7 9:30 AM EST

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To: xbrent who wrote (10426)	8/5/1998 4:21:00 PM
From: lakers17	Read Replies (2) of 43774

Penny stocks generally are not effected by the market........... Penny stocks are more effected by their own news. I have been lurking in this stock for over a month and finally bought in today at .033. I've learned one lesson after the USXP disaster is to wait and be patient. Since this stock is now far enough from it's run ups I felt this was the time to buy. I feel sorry for the people who buy in on hype during a run up and bought at .07-.09. In the past I did the same thing. Now I rely on my own DD and even if my emotions tell me to buy I try to look at the stock objectively and I have to pass on a stock, especially a penny if it is much closer to it's 52 week high than the low. I don't like the companies huge float(who does) but if the deals done and projected bring in the anticipated revenues hopefully the company can buy back shares rather than deal with a reverse split down the road. In any event at these prices based on their past news the downside is minimal. This is just my opinion. Lakers

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