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

To: Netnut7 who wrote (2458)	5/13/1998 11:30:00 AM
From: Carl Jackson	Respond to of 9096

You may be correct but I do think the .40 cent support level will be retested at least a couple more times. I think this morning was not really a bounce off of .40 cents but rather a MM action similar to the ones that have been done all week. Take it down early and get cheap shares and then use the rest of the morning to take it half of the way back up and then slowly come off in the afternoon with an approximate 10-25% loss for the day. Next day do the same thing. If the buying public sees this as a "bounce" the MM can sell it for more and get a little run. I could be very wrong, but I don't really think .40 cents will hold and if the ambitious schedule the company has set for itself is slowed or delayed it may drift down a little less rapidly than it has over the last several days, but it will drift down. JMO