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

To: Andre Bain who wrote (1295)	3/20/1998 6:08:00 PM
From: Harryx	Respond to of 8117

To All PYNG threaders Here's a copy of a post I put on another BB. The ref to SI is not meant as a knock but simply as I see it. ""In my experience as 10 year broker, this action is all normal. We must remember that many people have seen their investment go up 4 -5 or 6 times. That's good enough for many players. I myself took my own money off the table at over $6 and let the rest run. I always advised clients to use the same investing method. That's just being prudent and for sure not greedy. People keep banging on the "shorts". There is no indication of a large short position although there always will be some short traders who know the the odds of a runup like this in a speculative stock (yes, that is what it is to many) are that it will back off at some point. Also, insiders with tradable options can really screw up the market re shorts but I don't know the option situation in PYNG, Those who are in long term should relax and not even look at the stock price. Those that want to trade, take some profits out and have fun. Those that want to "bash" the company, you'll get more of a rise on SI. "" I was asked to amplify my comments re tradable options. These are an easy way for insiders with exercisable options to take advantage of large price increases. After a substantial rise, they sell short the number of shares covered by their options. If the price goes up, they exercise their options to cover the short position. If the stock goes down, they buy back their short position, pocket the return and keep their options for another time. This explanation in NO WAY should be regarded as applicable to PYT. I do not even know if Pyng insiders have any exercisable options or any options at all, for that matter. I am simply explaining the mechanics of the market to support my comment above. I am very pro this company in the longer term. However, there are many on this thread who probably are not fully up to speed on the workings of the market and have unrealistic expectations regarding stock prices. GO PYNG !!

To: Andre Bain who wrote (1295)	3/20/1998 10:13:00 PM
From: Allan F.	Read Replies (1) \| Respond to of 8117

Speaking on technical terms only; Pyng entered an overbought condition after a remarkable run-up caused by a string of well timed news releases; no doubt directed by Mr.Jacobs. He was too successful and the stock got ahead of itself. The stock is now in a correction mode. I expect a 50% retrenchment from it's $4.00 price move since late February. The support is between $4.00--$4.15 if this line breaks the stock will fall to its lower trading range of $3.35--$3.50. Panic buyers and sellers lead a stock to be overbought or oversold. Day traders see this as an advantage to make a quick dollar and leave. Sophisticated investors buy the company on potential and stay the course; however this type of investor in a junior company are in the minority; thus the stock remains volatile and open to manipulation.