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

To: Rick Thomas who wrote (1993)	4/15/1998 9:51:00 PM
From: Mark S. Schroeder	Read Replies (1) \| Respond to of 8117

I don't see a head and shoulder top! I have a double sell signal and there was one other stock on the Vancouver that had the same formation as PYNG recently. Went down a little(5%), then sideways....and spiked up and doubled. I'd have to wait till next week and get a few more days of info gathering from a T/A point. Volume as you know a slowed, but no one is selling. That might be a key factor here. Also I'll probably call the company soon and get an update by this Friday to digest over the weekend. I think its a HOLD at this level. Mark

To: Rick Thomas who wrote (1993)	4/16/1998 8:35:00 PM
From: Ward Nicholson	Respond to of 8117

Rick: Any comments Ward! I hestitate to post here, but since you asked... I've been short on PYT for awhile now...waiting for the death-trend to set in. PYT historically takes about a month before she really starts to drift south. These last few days have been extremely informative technically...PYT's relative strength sucks, she broke her logarithmic uptrendline quite some time ago and hasn't even come close to retesting it for a second time, short positions continue to mount, and the "wait for the big news!" attitude is a very reliable bearish indicator that the bulls have overstayed their welcome. I'm not predicting any "crash" in PYT's price...that is not the way the street likes to run this one. What is most likely to happen here is a slow, relatively undetectable meltdown in shareprice. See PYT:VSE, 1996 for a preview. Now, before you and others flame me to bits, posting fundamental "this" and fundamental "that", news is coming, sales are going to be great, shorts better cover, etc., let me just say that there is certainly a chance that I'm wrong. I have an on-buy in place. Hey...if PYT goes for another loop-de-loop up north I'll be the first to congratulate you bulls who have hung on here. My loss will be your gain... But I wouldn't be short if I didn't think I would make some coin here. WN P.S. I have nothing against the management of PYT or its product. In fact, I work in a hospital and appreciate the technology PYT is working on. The fact that I'm shorting PYT should not be taken as a negative vote against these aspects of the company of PYT (just the behaviour of its stock).