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Gold/Mining/Energy : PYNG Technologies

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To: AriKirA who wrote (3474)	3/13/1999 8:27:00 PM
From: Ward Nicholson	Read Replies (2) of 8117

AK: Don't you think that we will have some decent support at the 1.60-1.65 level? Maybe. I will say that the down pressure on this stock doesn't seem to be near as strong as last year. However, I don't see that as a reason to hold PYT in advance of this support level being tested. I know what you guys are all thinking...one day you'll wake up and PYT will open up $X higher and just go up from there. Why? Because some "event" will drive the shareprice higher. My argument is that before any such "event" happens the shareprice will have deteriorated to a point where it won't matter how hard PYT gaps up. Waiting to position in PYT until after the "event" takes place will have proven to be the prudent thing to do. For example, many on this thread were buying PYT at $4.00 because they thought it was cheap at the time. Now, PYT could open up Monday at $3.00...over $1 higher from Friday's close and I'll still have a $1 advantage over those who couldn't wait for the trend to change. The dudes over on the Yogen Fruz thread are going through the same sh!t right now. They can't wait, so they buy and watch the price drift lower. No patience. None. WN

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