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

To: the Chief who wrote (2236)	5/18/1998 7:34:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 8117

Chief: TA is of little use to determine direction, when at best stock price is illogical. Stocks are "manipulated" to show artificial demand, news releases are pumped, stocks conveniently close at daily highs regularily. All these influences foul up a good TA determination. So fundamentals of the stock must be appreciated and considered. What? You have just made the argument that any technical analysis of PYT's situation is futile because PYT is being manipulated and/or hyped. Did you sincerely mean that? Consider the number of times this stock has fallen to approx. $4.00 and the number of times it has reached $5.00, If you caught half of them you would own your shares free. Don't look now Chief, but you are using TA to trade the stock. How can you possibly dismiss TA as a valid method of analysis, and then, in the same breath, depict how it guides you in adjusting your cost base downward? You are being very two-faced here Chief. Either TA is valid or it isn't. Which is it? WN

To: the Chief who wrote (2236)	5/18/1998 7:59:00 PM
From: Grant MacMillan	Read Replies (2) \| Respond to of 8117

My my. A guy goes away on a long weekend and look what he comes back to. The nay-sayers are out and the bulls are defensive. I've read most of the posts and think that both sides have some merit. If Pyng doesn't get orders in the short term, confidence will wain and the price will fall. When the orders do come, the stock will be a multi-bagger in a very short span. The only sure way to avoid missing the next run is to hold, since no-one knows when news of any orders will be released. I've considered selling with the hopes of buying back in later at a lower price, but when I look at the volume up for grabs, I figure I'm safer to hold and ride out any price fluctuations. Pierre, you predicted back in March that the stock would drop to $3. It hasn't got anywhere near that in the last two months, and time is working against you. Orders will come, and we all know it. Each day brings us closer to that. Perhaps your position is too conservative considering most of us refuse to sell at current levels. I think the stock has found its range until news comes out, so why worry about the downside when the upside puts all other investments in the dust. As for Ward and the other guy, they only show up when they are worried the stock is gaining momentum, so just let them worry and enjoy yourselves. GM