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Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?


To: rrm_bcnu who wrote (4395)5/20/2006 7:46:35 AM
From: Farnzworth  Respond to of 12518
 
"Greed is NOT good, no matter what you've learned in the markets, or in movies."

Have you tried telling this to Turek. He just continues to print more shares. Do you not believe this fact?



To: rrm_bcnu who wrote (4395)5/20/2006 8:19:40 AM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 12518
 
Let's talk about the increase in short position you refer too. The shorts are not stupid, they shorted this baby big time above the .010 level, drove it down, and covered in massive amounts, and that drove the price back to .010.
Then, they stayed clear and let PLNI shoot itself in the foot to where the PPS is where it is at today.
Now, you say they are shorting AGAIN at these levels? WHAT!?!?
That would imply that they are taking a MASSIVE risk, with little or no downside or that they feel this is the new TOP in the PPS.
Either way, it does not bode well for the long position. Last check wasn't the short postion only 37 million approx? That is a long way from the 135 million that was locked and loaded above .010. I would not take shorts seriously until we see those numbers again, the current short positions are probably a bet that PLNI is going to zero.

Common sense, imo.



To: rrm_bcnu who wrote (4395)5/20/2006 8:47:42 AM
From: tonto  Read Replies (2) | Respond to of 12518
 
Wrong, Jeff is one of the best researchers on the net.

What fundamentals would support an increasing share price?

Well Jeff,
And as always you seem to be the first to know. Is that being connected or is that illegal?

Time and events should prove the merit of what you said here. It is my belief, as I monitor the daily increases in short volume, that the weakness of the share price is because of short selling and manipulative shorting under low volume by people that want the PLNI share price lower to increase their profit. Greed is NOT good, no matter what you've learned in the markets, or in movies.

Up to this point we have kept it civil. Lets strive to be adults.

rrm