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Microcap & Penny Stocks : ProNetLink..(PNLK) -- Ignore unavailable to you. Want to Upgrade?


To: Money Maker (MM) who wrote (125)4/23/1998 8:03:00 AM
From: Novice Bob  Read Replies (1) | Respond to of 8242
 
MM:

There will be buying opportunities such as you mentioned, the MM's may have to cover a short position, they may need inventory, there will be profit taking along the way, etc, etc... You can be assured these pull backs will be short lived, order fills will be slim to none, and there will be some selling (the main purpose for such a pull back).

Lately I have seen some very bizarre trading patterns with stocks. Only MM manipulation could explain the crazy price dips I have observed in some very solid stocks. The MM's love to trigger stop loss orders, I think for them, it replaces the pleasure we normal people experience with the opposite sex. Two things really need to happen in this country, we need to do away with the IRS and the market maker system.

I doubt the Day Traders nor the MM's will be able to slow this stock for very long. Yesterday, 1/2 the float traded. When Nextel was named to the S&P 500 a few weeks ago, only 25 million shares traded that day as the index funds had to immediately buy that stock for their holdings. Today, even more people have seen the PNLK web site and are, through their DD are understanding the revenue generating potential of PNLK. Many Internet stocks are going nuts because of the remote chance of making sales through the internet, those profits are a long way off (if at all). PNLK is a great fit for the internet like Yahoo, SI, On Line stock trading, etc., there are certain business/services that are perfect for the internet, and will thrive. Few internet services offer the international appeal and inspire "got to have" desires in such a broad customer base (especially with membership fees of $360.00 per year (which I think is a hell of a deal)).

This stock is going into the hall of fame, you wait and see!