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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: Tomstocks who wrote (16433)10/26/1998 11:19:00 AM
From: jhild  Read Replies (2) of 43774
 
. . . , the 1.3 million was a sell because I have level II and DTN (tick by tick ) in our office. But don't be alarmed people it was not an individual. Some companies are cover shorts when they feel a stock bottomed and is on the rise or the expectation of a rise.

First I was unaware that Level II could tell you exactly who the buyer or seller happens to be, an individual or otherwise. That sale was only about $24,000. Institutions hardly play at this level so I would say it could be anyone. Your suggestion that the stock is dropping as part of a short covering stretches the fabric of logic. In fact were it easy to short stocks like PRWT, it suggests quite the opposite.
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