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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: DG Cruise who wrote (12702)8/26/1998 3:30:00 PM
From: investor1  Read Replies (1) of 43774
 
OK DG, many of us who didn't get in at the .006 level are still holding, even though we are in the 'red' on the books. I'm holding on for several reasons:
1) The financials, when they released in a few weeks, should look pretty good. There are a lot of possible sources of income. Even though many of those sources are still building, they are in progress.
2) The leadership seems to be very aggressive and smart. We must remember that John started with just a shell. What he has done in a very short time is remarkable.
3) The markets they operate in are huge! All we need is just a little chunk for great profit potential.
4) If I sell now I just lock in a loss. I would rather wait for Belize to settle and financials to come out. I think the stock price will react sharply upwards to facts and actual income.

The Problem: We have a large float and may just have to "mark time" until the information we need released is released. Lets face it, the stock just ran up to .10+ on rumors and hype. Now it has settled down, longs are holding, and shorts are probably gone. The stock has remained fairly stable on fairly low volume. Sometimes, if the fundamentals are in place, it just makes sense to wait, rather than sell and take a big hit. That's just my opinion. Actually, if I had any extra cash I would be buying now. Cheers!
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