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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we?
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To: Terry T. who wrote (2011)12/4/1998 10:07:00 PM
From: Chris O'Keefe  Read Replies (1) of 3171
 
That does sound like a good story, Terry. I guess the MMs figure that if they "work" at getting an extra 112.50 here and there, over time it all adds up to big bucks. When you're long on a stock (as we are), it's always nice to hear stories that suggest the MMs are resisting letting the stock fall to a lower support level.

I tell you, I really like the action the past two days. Whoever bought shares at .055 just the other day could theoretically sell on Monday morning for .07 and thus get a 27% profit. If investors, or traders even, see that PLRP is a stock that is rewarding people, that could really do wonders. Heck, even if Pacel went down on Monday only to recover big on Tuesday I would view that as a good sign. What has concerned me about PLRP is this straight-down-like-a-rock stuff, which has really baffled me (although this debenture theory is perhaps the only logical concept to explain it). It has merely baffled me, but I know intuitively it has probably scared potential new investors away. If the chart starts showing a little up-and-down movement as in, "Hey, I'll fly whenever you want me to" I'd say my spirits will be in pretty good shape even if the stock keeps staying under 1/8 for a while.

Well, that's my .02 on the table. Have a good weekend all.
Chris
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