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Non-Tech : pamc -- Ignore unavailable to you. Want to Upgrade?

To: Goodboy who wrote (501)	10/24/1999 11:33:00 AM
From: KM	Read Replies (1) \| Respond to of 570

The funny thing is, with the right market environment, which is touchy now under the most optimistic scenario, you get the right comments from a reasonably influential analyst (something along the lines of the Henry Blodgett EBAY to 300 target awhile back) and you're at 40-50 in a week. It makes no sense and probably is not in the best interest of the stock, but hot money is hot money. I read a post on another board stating that more than half of the theoretical 12 million float is in the hands of insiders and institutions already, which, if true, could goose such a move through scarcity of shares if nothing else. It would appear that the move this spring was based purely on hype from Craft. He was probably correct in his assumptions but without numbers on the table to back them up right then and there (and in subsequent "earnings" reports) from the company, the move was doomed to retrace. We all know the $64,000 question from the market - "What have you done for me lately?" The next one should have much more substance behind it and much more staying power. As reference, I would point out the vertical chart moves of NTBK and MCOM this spring/summer from low bases.