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

To: Malko who wrote (4867)	5/18/1998 11:31:00 AM
From: Mike G.	Read Replies (1) \| Respond to of 8242

I agree. I think the PLNM thread should be eliminated from the PNLK discussion area. It's disruptive. If someone wants to discuss that stock go to it's own area. Don't lump it in with PNLK.

To: Malko who wrote (4867)	5/18/1998 11:31:00 AM
From: jwk	Respond to of 8242

My WAG on this morning's action is the inital bump came from built-up buy orders @ market (with some limits thrown in). Profit taking by the Level II screen crowd as soon as they saw the Buy order border, with subsequent retreat to base support just above 5. Perhaps now we will see the stock in a more normal trading environment. If you don't have a Level II, don't kick yourself for not grabbing profits this morning. You have no way of knowing how high the bump might have gone or how deep the retrace might have been. You could have sold at 6 to watch it go to 8+, or the retreat might not have been enough to cover b/a difference+taxes+commissions.