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Gold/Mining/Energy : PYNG Technologies

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To: AriKirA who wrote (3555)	3/23/1999 10:06:00 PM
From: Jack Rayfield	Read Replies (2) of 8117

Ari why do you think the volume dried up. My theory is that some investors on both sides of the border probably expected a PR on Monday providing the details of the Fort Bragg training. And some of the people that have had PYT on their watch list decided they could buy in early and get the benefit of the price appreciation generated by a positive PR. It follows that we can expect the price to drift back to the $1.80- 1.90 range again over the next several days now that the realization that a PR will not be issued on this training event has set in. It is ashamed that the momentum was wasted as you stated Monday saw the heaviest US market trading todate and the US spread is now a joke I do not think you will see any one buying PYNGF in the US knowing that the second they buy it they will lose 47% of their investment( 2 1/8 ask and 1 1/8 bid). JMHO

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