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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: TsioKawe who wrote (3778)10/19/1998 10:05:00 PM
From: Robert G. Hanah  Read Replies (2) of 40688
 
Well I'd have to say after today's performance that the stock is headed for $0.50 and less! The sellers were there and the 7/8 support is now very week. If we get hit with some shorters combined with some weaker long selling we can all average down in a very big way. My broker tells me that due to the fact that the company has no revenues the stock is still very much overvalued and that insiders who own cheaper stock (like zero cost!)are probably selling here to raise $$$ and loan it to the company only to replace the stock cheaper than it is now! But I know even the BIG BOYS do that too...same game just different numbers.
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