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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Mr Metals who wrote (961)3/16/1998 6:16:00 PM
From: AriK-A  Read Replies (2) | Respond to of 8117
 
Here's a really interesting post that I found on Stockhouse:

'Here's one guy's opinion:

IF IF IF the halt in trading was at the request of firms who
had shorted the stock, they will NOT be buying at the open in
order to cover their positions. They will be SELLING in an all-
out effort to halt the price rise and convince people who are
long PYT that the run-up is over and they should sell and take
their profits, at least for now. Shorty will be willing to sell
a lot more nonexistent shares in order to keep the buying
frenzy from building.

With a stock that has explosive fundamentals like this one,
it's a very risky game for Shorty to play. Most of the time it
works, and if Shorty is successful tomorrow, those who want to
add to their positions will get their chance. But I think the
buying opportunity will be a brief one, this stock is too good
to stay down for long.

Being long PYT myself, nothing would please me more than to see
the boyz in Vancouver go short a few more hundred thousand
shares just in time for Mr. Jacobs to announce an order from
the U.S. military, with Bloomberg coverage right on its heels!

Good luck to all my fellow PYT shareholders!

That's one of the MM's tactics. Shorty might just as well try to shake some nervous investors out of their stocks. It might actually be a very good buying opportunity for those that are long.

Oh well, I guess we'll see tomorrow morning.