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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (806)	3/14/2000 9:11:00 AM
From: Frank Ferrari	Read Replies (2) \| Respond to of 2255

where is the upside shorting a penny stock?

To: Elizabeth Andrews who wrote (806)	3/14/2000 1:00:00 PM
From: Brumell	Read Replies (1) \| Respond to of 2255

I dunno Liz!! Can't agree with your thinking about shorting PFN. Here's why: 1. Their program is not based on a one structure, make or break, drill hole. Drilling will be ongoing in various areas. 2. Supply is still relatively tight and not a lot are issued. Anything positive from exploration, drilling, or acquisition could have big impact at any time. 3. Momentum is returning to some mining juniors of which PFN is one. Betting against techies has been a very risky business - against jr. miners at this early stage even more so. 4. Because of the above, risk/reward is not good for shorting now. It's too early. While upside is still unlimited and very possible, downside gain short term is likely less than 30%. There's no percentage!! I've followed many of your posts about shorting on other threads. Unlike many others, I'm not against shorting and see nothing wrong with it. Also enjoy watching feathers fly when you suggest it. In this case, however, we haven't seen big volumes and heavy hype. This thread is a good example. It's still quiet. When we have lots of posts with hysterical messages, that may be the time but not now. It's too early - too soon. Naturally the above is strictly IMHO and FWIW. What the hell! To each their own. Regards, Bob