Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: NoWhereMan who wrote (940)	3/5/1999 2:38:00 PM
From: Rande Is	Read Replies (2) of 4766

PCES. . . it appears someone loaded up late yesterday, then just as it was posted on the Whiz Kid's board at 12:46pm the volume kicked in and the price quickly doubled. . .now it is being daytraded. . .those in first win. . .those in last lose. . .gotta sell to somebody. Being a Friday, the penny traders will talk about the "long term" merits all weekend. . . did I mention the company sold at 9 and change in mid 1996 and has been falling steadily down to the pennies ever since? Oh, and did I mention the company has already sold its technology and is wondering whether or not to stay in business. On Monday, I expect it will get hit with more buying, But in my experience, this is where the MMs pull out the rug, by suddenly dropping the bid back under .10 OK, now who wants out? They will buy all your shares under .10 as they cover their short positions from .10 to .30 or wherever. And that is the way the game is played. Good luck. Rande Is

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