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Microcap & Penny Stocks : LINC - Plenum Communications (was PLNM) -- Ignore unavailable to you. Want to Upgrade?


To: xclently who wrote (278)5/19/1998 7:13:00 PM
From: Pakman2000  Respond to of 837
 
Volume and accumulation has been building, so too has the name PNLM. Just as PNLK took some time for investors to hear about and catch on so will PLNM. Over the next two weeks more and more people will hear about what PLNM is all about and the potential for future returns. Maybe even a little positive PR between now and then...



To: xclently who wrote (278)5/19/1998 7:13:00 PM
From: Kurt_Ruckus  Respond to of 837
 
I got annihilated here today. I've been so busy I didn't get a chance to do a lot of DD. saw the appearance of T-Mex, Dave Gore and Jane and thought, this is a good bet. Got in just over two. Wanted to ride it up a bit and jump into PLFM. Well, I blew it. I was ready to sell off everything first thing this morning after reading Dave Gores post last night, but just then saw the Tokyo Mex post and figured there would still be a flood of buying. Did sell off a portion this morning to buy PLFM but didn't sell it all off as I intended. So now, what's the future look like? I can't imagine that tomorrow will be an up day. Any news pending? I didn't intend to be here long but may have trapped myself. Any thoughts on where this price is headed would be appreciated. Thanks Kurt



To: xclently who wrote (278)5/19/1998 9:20:00 PM
From: Larry Brubaker  Read Replies (2) | Respond to of 837
 
Peter: Hate to say it but the price history you posted is the classic signature of a pump and dump. You start with an unknown company which has a very low price and very low volume.

You add some quiet accumulation while the pumpers take their positions, and a small upward movement in price.

You see very quick, very large volume and price increases (the pump), accompanied by PR and internet hype.

Culminating in huge volume when the stock hits, but does not hold, a new price high (the feeding frenzy, and the beginning of the dump).

Substantial price decreases on first high volume, and then moderating volume.

Back down to where it belongs.

We've seen projections of huge revenue increases that appear to be from sources other than their current revenue source. We've seen very sketchy descriptions of these other sources of revenue. We've had numerous suggestions that fundamental valuation doesn't matter because (choose 1) it is "a wonderful BB stock" and it "is an internet stock."

We've also seen people who bought at $2.75 who currently have lost almost half their money.

Sad, but life in the wonderful world of BB stocks.