Anyother gem from PCModem:
By: PCModem
Reply To: 27672 by wellstr
Sunday, 2 May 1999 at 1:35 PM EDT
Post #27674 of 27675
welstr, re: your analysis
Well done! I think you left out one thing that is especially important when it comes to pennies.
There are many investors who will not touch stocks which are above or below certain prices.
Some only buy stocks under .10 and others won't even look at a stock until it has 'paid it's dues' and is over .25 (or over .50 or $1, etc.)
PABN is a perfect example. There were many who would not buy until a solid low base was established just over 1 cent. The next wave would not buy until it showed some stability above .10, which we seem to have now done.
News always brings in the daytraders and speculators, but .15 and .25 will bring in new investors with different ways of thinking than the current crew, IMHO.
Look at the big guys, AOL, DELL, IBM, etc -- all have NEW investors who are coming on board at this time....if it can happen to them, you can bet it can and will happen to us. As the price of this stock matures, the people looking for a quick buck will sell and chase after some P&D pick while those with serious money will see how serious PABN is and they will come in as the price becomes serious. Watch for this to start happening at .25 but really kick in at $1,IMHO.
This sure is fun!
PCM
GO PABN!!!
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Buy) |
