This is a post from JOHNNY.
Allen,
Could you post this on SI for me. I couldn't do it this morning. There was
some technical problem with the SI.
Thank you.
Good luck with our PNLK.
Johnny
It would be interesting to see how Mr. E.D.Dss going to handle the trade of
250,000 shares. I personally have never done that before, so I really like
to
learn how.
I was asking on how PNLK is going to do today at the market. Overall, I
think
PNLk is going to do ok. It's going to stay within 1 dollar with some
change.
Yesterday, I'd followed the MN all day on all of the PNLK trade. Let me
back
off. On Tuesday, PNLK ran up to 1.43 at it high and there were a lot of
short
in it. Ask price was at 1.40 and Bid price was at 1.19. With in 45 minutes,
from 11:00 to 11:45 the MM brought the price down from 1.19 to 1.01, 1.00
and
.98 for the Bid price. In the mean time, the stock still at it high of the
day, from 1.43 down to 1.30. Therefore I think we do have some of short
term
investors, especially those with 150K shares purchase on Friday, sold out
for
a quick profit. But you got to stick with your asking price to sell. Don't
chase after the Bid price from the MM. Because they DO MANIPULATE the stock
price. As of yesterday, I didn't follow of how the volume of the stock had
been traded, but I can see that PNLK stick it price at 1.00-1.02 level. I
tried to buy at under a dollar but my orders couldn't be fill. At the end
of
the day, I had to buy at market price and it took 45 min. to fill my order.
So, experiencing from that, I've concluded there was not that many of the
seller in this market. Only MM try to make profit from the spread of the
stock.
As from Glenn, I hope we are going to get some good news today or Friday.
And
then definitely next week, we are going to get the Number of Subcribers and
Revenue.
As for our new investors, try to get in when you can this week. Next week
may
be too late.
The market is fine. Japan is up for the 5th straight day. We are going to
do
fine.
Just my 2 cents.
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