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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: ThePro who wrote (1113)8/18/1998 7:39:00 AM
From: ztect  Read Replies (1) of 40688
 
ThePro:

I completely concur with your sentiments.

From the last two peaks at 5.5 and at 8, I think the telltale sign of when to take some profits is when there is a large opening gap
(.50 +/-) up from the previous closing day.

If you remember prior to launch, PNLK went from about 1 to 5.5 down to 2.5 then up to 8. There was a gap from 4.5 to 5+ before the first peak at 5.5. On the same day of the gap the price retreated to the high threes before recovering a little. A similar thing occurred around the other peak. After the second peak the price stablized momentarily in the 6's.

Like the peak at 8 which occurred prior to the launch, I wonder whether or not there is go to be another peak in price prior to the P2.0 release. Or do you think investors/traders will have a wait and see approach to see what P2.0 delivers especially since the launched site last time wasn't what was anticipated? And if waiting does occur, and P2.0 delivers a functional site, then what will this do to all the shorts that have to cover? Will these shorts bash like they've never bashed before? And how will they bash? No matter what PNL delivers with P2.0, shorts having to cover will say that the site is severely deficient and will NEVER work sufficiently to attract customers.

Appreciate your thoughts and comments.

Thanks.

ztect
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