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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: LT who wrote (16851)4/23/1999 9:44:00 AM
From: Bryan  Read Replies (1) of 40688
 
The price action over the last week or so has not surprised me much. There was tons-o-optimism up till the actual launch of v3 and the IBE. Now that both are over, so is the excitement and anticipation. No doubt MM's are playing straight into this, but they are not the sole reason for a move from the highs to $2+. From a long term perspective, nobody should be getting rattled about this price action. I stated much further back that this seemed to be a "buy the rumor, sell the fact" situation, and that is how it played out. Now it's business as usual for PNLK. Next year if all pans out well, you will all be laughing about the old high of $8.00. $8 will probably be the 52 week low. I am anxious to get back in again, but patience is the name of the game. There seem to be a few more weak positions around. It's no news that the recent pick-up in price volatility has given investors plenty of opportunities to get into and out of stocks (especially in the technology sector). I think you just have to be flexible and adapt to this kind of environment. Keep a level head and always be willing to adapt. Nobody has ever scolded me for taking a profit early, but it's a different story when you don't cut the losers in time. <----starting to ramble

At any rate, this thread has been a very beneficial source of info, and I am glad to have been a part of it for the last few months.
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