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Microcap & Penny Stocks : PLFM - Undervalued with great potential -- Ignore unavailable to you. Want to Upgrade?

To: Fuza who wrote (2194)	5/8/1998 12:22:00 PM
From: Netnut7	Read Replies (1) \| Respond to of 9096

Agree, this sucks. But these stocks get their momentum from news,which is two weeks away, and in the mean time, weak hands sell. (buy rumor sell news) Now is actually a good time to buy in, two days ago we bought more at 1.35 so we're hurting some. But still bullish about the future of this stock. From a technical/fundamental educated guess, perspective the stock seems to have found strong support around 80 cents today with a lot of buyers jumping in at this price. This still does not mean a shakedown can't occur again and test 50 cents if fear grips the masses. But I think the news this weeks states basically "Hey we have something that works and a major JV partner". And the hype/news brought the stock almost to $2.00 The next bit of news should be "and this is how much money its going to make and the deals in the works" which should bring the price to the $2.5 to $4.5 range. Once all contracts are signed and planes delivered and operational and real money starts coming in, could take 12-14 months, price could be above 10 to 15 or more. Thats my guess