This can be expected about now, (as if you don't already know.)
The company is pretty well developed and at the head of the class. Financials are finally coming out soon now (~2-3 weeks). Major company advertising efforts ramping up as promised about a year ago.
FACT; a lot of long term investors, those who believe in the company, are holding a lot of shares.
FACT; buying of PNLK has consistently outpaced selling since Feb. '99 with only 4 or 5 days predominantly on the sell side.
FACT; The float has grown >3x during the last year, and the price is still not sunk. Now the 144's are out!
FACT; The vision, plan, management and execution are of a quality that rival or exceed many 'big board' companies
FACT; this is the 4th discrete phase in PNLK's trading public history - all significant growth oriented changes
FACT; foundation is laid, stock is low volume cause of large numbers of 'holders', market sliding, after slide turnaround, while promotion is in greater force
CONCLUSION; In order for outside interested parties to get any significant volume of shares now without running the price up, they will have to convince those with the stock to let go and run. Time is getting shorter to get in cheap, so I expect to see strong bashing pressure applied starting already and intensifying until buying pressure, coupled with larger volume, FORCES the turnaround in price. IMO it will be a sight to see at this point after pulling it down so long with selling at the ask.
It is the only chance basher types have left at getting large quantities of stock cheap. My opinion only; let's see. -Jim
PS - I often find it amazing how someone who 'dislikes' a stock so much finds so much time to spend on it. Oh well. |
