Lakers, I don't think there's any reason for those into the stock at a low average to panic. The market value of this company is one million dollars, which is nothing, if (and I think this has been safely verified) the company actually exists, Mr. Calkins et al. actually go there in the morning to try to do some business, there are sellable products.
With a stock this new and limited liquidity ,the market valuation is a shot in the dark. It was over 10 million dollars a few weeks ago, which was pretty wild but may be realistic longer term. Who in their right mind believes Yahoo is really worth 25 billion dollars at the moment. The valuation is based on future expectations, YHOO has support for such a high valuation. Microstocks like Pacel, the market makers drive them right into the ground when they lose the little support they have. The MM's control the action in BB stocks.
Recently I noticed a chronically lame BB stock (compared to that one Pacel is a regular Microsoft, I believe) run from 5 cents to 1 dollar. Why? Was there any fundamental reason? Nobody was really sure. Which is probably why it's almost back at 5 cents now.
Many of these BB stocks move when you least expect it, probably the reason anybody would dabble in them.
Chris, please update my position to 150,000 + 20,000 shares of this stock at .065. Pretty reckless I guess, but it's only money.
All the best for 1999.
Baldur F.
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