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

To: the Chief who wrote (2193)	5/14/1998 8:41:00 PM
From: Grant MacMillan	Respond to of 8117

Ho hum. Good news, but I doubt it will make an impact on the price. Still holding out for orders. One take away is that it is doubtful the military will place an order until the summer at the earliest now. GM

To: the Chief who wrote (2193)	5/14/1998 10:19:00 PM
From: PeteK	Read Replies (2) \| Respond to of 8117

Hi Chief Just curious about your take on this news release. I'm guessing it will only moderately boost the share price. I hope I'm wrong but it seems the market is waiting for news on orders. I'm headed for our cottage near Sudbury for the long weekend. No phone, no computer for 30 miles. What do ya think will Pyng go up enough to pay for my lollygagging in the wilderness, or should I just stay there? Still patiently positive on Pyng Regards PeteK

To: the Chief who wrote (2193)	5/16/1998 2:45:00 PM
From: Ward Nicholson	Read Replies (3) \| Respond to of 8117

Chief: Hope you read the last release. See what TA says now about the direction! This is what I mean about event driven stocks, you never know when the event will occur!! Still sticking to my theory, how about you?? Although I did skim the news, I try not to mull over it because it interferes with one's technical judgement of a stock's action. I really can't speak to "events" as you use the term. What I do know is that my confidence grows daily, as does the probability, that PYT will fall through the $4 area right down to its next support level, $2.75. The recent price-action in PYT confirms my suspicion. On the last rally PYT did break $5, but could not hold its own and sold off to $4.85. On the ensuing drift in price, the $4.25 mark was hit for the 3rd time since PYT made its 52-week high. In essence, PYT's downtrend remains intact. It continues to make lower intermediate highs and re-tests of the $4 area support level. The probabilities are in favour of an eventually break-down of the $4 area support level and a drop to $2.75. Still sticking to my theory... PYT shareholders are sitting on a roof of straw. WN