Pallet Pallet Inc. Message Board

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Gold/Mining/Energy : Pallet Pallet Inc.

PPAL 60.10

0.0%

Nov 7 9:30 AM EST

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To: Richard Nash who wrote ()	3/11/1997 4:12:00 PM
From: Quick Bucks	of 451

Comments on today's PLT movements. Another very exciting rollercoaster day. Wow, the stock apparently hit 40 cents at one point then plummeted back as low as 33 cents? I don't know what it closed (about to close) at. My thoughts are as follows. There's somebody out there that truly believes that this company will fail in the long run and therefore is shorting PLT b/w 28 to 40 cents. And once the stock dropped to 33 cents, the LONG people jumped in and drove the price back up to 37 cents which is in my mind, the fair share value currently. 38-40 cents does seem a little overvalued right this moment. But we are all waiting for management to make an annoucement soon regarding what they're doing with the money raised from the shares offering. I'm probably completely wrong in my analysis, please comment. Is the 33 to 40 cents spread simply normal? It can be, be wise and dig up the historical data for PLT (20 % spread in a day, or in a few consecutive days are not uncommon, look at Nov. 96). Investors are anticipating a stock movement right now I believe.

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