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Microcap & Penny Stocks : PLFM - Undervalued with great potential
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To: pom who wrote (6715)2/8/1999 7:39:00 PM
From: Bruce A. Thompson  Read Replies (1) of 9096
 
POM, I Agree,

Watching the MMs today with spreads in the morning of as much as $.0725 (biggest I've ever seen in PLFM) told me they were putting on the brakes. The only reason would have been that they were about 1/2MM short and were hurting. To get back in balance, they tightened the spread to 1-2 cents and walked the price down to the bonanza of stops at the $1 range. There they got their 1/2MM shares all in a bunch. Notice that the price recovered to $.96 in the last 1/2 hour on good volume. There be buyers down there. Lots of them. The short termers got out with their stops so we should see good movement up until the $1.60 range where the next batch of doubles will be putting in stops. The MMs will get those too.

BT
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