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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter

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To: Tourist who wrote (16840)	4/23/1999 8:48:00 AM
From: Ted M	Read Replies (2) of 40688

Paul, you're asking some very good questions IMO. I was lucky enough to sell some in the 7's (while I still have a smaller core holding) and I think that was the right time for a couple of reasons. First, the stock was dramatically up in a short amount of time. However, why 7, why not 8 or 9? Second, as you pointed out 8 is a 'resistance level'. I don't put a lot of faith in tech analysis, but that may be a factor. Perhaps the biggest factor is that a lot of people investors knew about the V3 release ahead of time because PNLK had an approximate release date. There was no surprise factor AND no other news was released to keep it propped up. Some fear perhaps of release problem. End result--sell a day or so prior to the release to lock in profits. So, perphaps the peak was 7 ish simply because that was as far as it had gotten to by the TIME people decided the risk had grown a bit larger. Good point on the outstanding shares. I like just about everything PNLK is doing, but the shares keep the price down because the price is a function of market cap and shares outstanding. Good luck. Ted

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