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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: Robert G. Hanah who wrote (3513)10/11/1998 5:58:00 PM
From: Malko  Read Replies (5) of 40688
 
In the last 12 trading days, total volume is 2.5 million.
Divide it by 2 that's 1.25, for MM spreads.
But the other division cannot apply here as there was not the same trading activity as last spring. This volume is practically only people selling and finding a counterpart to buy, whereas last spring there was a big Buy demand on the stock creating an inflation and a surmultiplication of trades.
Now it is true that there is not much demand for the stock these days. But there is still room for short covering IMO.
The selling pressure can become very quickly a buying pressure as soon as some significant event occurs.
If everyone still believes in PNLK, then we should overcome.

SUGGESTION TO ALL:

If you are just lurking but still a PNLK'er and read this message, drop in and say one word to show your support and your belief in our enterprise.

Regards
Malko
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