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

To: Menace who wrote (1957)	4/11/1998 7:37:00 PM
From: esxtarus	Respond to of 8117

Subj: NETWiRE - Pyng Tech. (PYT-VSE) Weekend Update Date: 98-04-11 18:31:05 EDT From: NETWiRE!@netcom.ca (NETWiRE!) Reply-to: admin@pwatkins.com To: NETWiRE.Subscribers@tor-smtp1.netcom.ca ======================================================= PYNG TECHNOLOGIES CORP. (PYT-VSE) 52 Wk High: $6.70 52 Wk Low: $1.05 Recent Price: $5.00 "Your Medical Investment Today and Tomorrow" Shares Outstanding: 7.6 million ======================================================= April 11th, 1998 Extremely encouraging news coming from Pyng last week with the announcement of the Australian Distribution Agreement and field trials to follow there. We expect similar announcements from other countries to follow over the coming weeks. PYT has built a very stable base at this level and we feel this may be a plateau for the next 30 to 45 days, while we wait for the first orders to roll in. We remain very bullish on Pyng Technologies long term, however our coverage will be somewhat reduced over this holding period while we focus on some other growth situations. We do remain confident 'the best is yet to come' for Pyng. -- courtesy of: NETWiRE! by Watkins ONLiNE! Vancouver, British Columbia, Canada ====================

To: Menace who wrote (1957)	4/11/1998 8:17:00 PM
From: esxtarus	Respond to of 8117

found this on another forum -for what ever its worth---Post a New MessagePYT ForumMain Forums PagePyng Technologies Corp Posted BySubjectDate / Post TimeMessage IDMicheal Short positions to date. 11-Apr-98 28827Financial Post April 11,1998 Pyng Tech Short position Mar 31 Mar 13 Change 180,600 85,709 94,891 We feel that PYT is a Growth Company and will buy back again after the shares settle into the next two weeks. Pyng is a the final stages before reporting sales and profits. T.A players will have fun for a short run but the fundimentals are very firmly in place. We see a short drop during this week and plan to purchase for the long term. If PYT drops after we buy i for one would not worry as looking six/eight months out we will be pleased. I think now is the time to invest. He loves this chart stuff but i trust him as he was right on the money with NNC.T Invest together and stay strong people. Micheal

To: Menace who wrote (1957)	4/11/1998 9:32:00 PM
From: Rick Thomas	Read Replies (2) \| Respond to of 8117

Menace ,GIVE YOUR HEAD A SHAKE ! You are either short this stock, or looking for someone to hold your hand! You obviously are not a contrarian or never heard of the story. The stock has held despite the 100,000 share short position increase. A bullish senario! A further thought. Read the news! Accute of AU is for REAL!. We are past the developmental stages of this product . In the past the shorts were right! But this is now! Sales WILL HAPPEN!, Worldwide. If I was short this stock, I would be nervous! They have been right twice in the past , me thinks this time their not! The stock has formed a rather nice pennant on reduced volitilty and volume. Stocks on a pecentage basis usually break out in the direction in which they entered! Given the fundamentalls may I humbally suggest a move to the upside at some point in the near term.

To: Menace who wrote (1957)	4/12/1998 1:13:00 AM
From: AH	Read Replies (1) \| Respond to of 8117

The short position of 180K does not frighten me at all. No wonder, I suppose. I am foolish (my choice from the list of: 'either foolish, unknowledgeable or shorting the stock themselves') and think that it is perfectly normal for a stock that appreciated over 300% in two months to have a substantial short position. Tell me, since you know so much about the short game, what did you expect? Some fairy tales for you to choose from: 1. Everybody is ecstatically happy with PYT and keeps buying more every waking and trading hour 2. Short sellers congregate in a undisclosed basement in Vancouver and, after short discussion, agree that PYNG is too big for them at $4-6 and turn their attention to the stock that gained less in the first quarter of 1998 3. Company releases a substantial news at least every week for a period long enough for the stock to go to a level at which you cannot resist the bid of $50-100-1000 and sell So, what is your choice? Personally, I like #3. Especially, the 1K part. In real life, though, when one sells, another buys; when stock gains over 300% in two months, somebody will short sell it. There are numerous reasons why market creates short positions in such stocks and why some players make money by being a part of it. I bet you know much more about it than a fool like me does. In my foolishness, I am sitting on my shares and wait. I can be an idiot but I can count (I love this 1K part of #3). I can wait a year or so to give PYNG time for normal development. If shorts make some money in the meantime, it is not going to be mine. PS 1. VSE is not for people who get frightened when a short appears. PS 2. Actually, I am surprised that the short position is only at a measly 180K level. God help me, I am getting more foolish with every 1K*1K operation I perform. Help!!!