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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?


To: Robert Ague who wrote (91)5/21/1998 8:54:00 PM
From: heatseeker  Respond to of 40688
 
I use E*trade also, but have never shorted a stock.

I believe you are right though.....E*trade does not allow shorting of stocks < $5. I don't think this is an SEC rule (only an E*trade rule), so these stocks can be legally shorted.

If someone wants to come in and short PNLK now though, he's an idiot.

Jon



To: Robert Ague who wrote (91)5/29/1998 12:07:00 AM
From: Robert Ague  Read Replies (1) | Respond to of 40688
 
from 5/28/98 briefing.com
<<Amazon.com (AMZN) 86 5/8: BA Robertson Stephens upgrades from "long-term attractive" to "buy" and raises its price target from $65 to $88 a share; believes there is upside to current EPS estimates and room to raise price target as the company demonstrates more revenue and customer growth and leverage on marketing expenses; lowers 1998 EPS from loss of $2.84 to loss of $3.05 and 1999 estimate from loss of $2.17 to loss of $2.35 a share, but ups year 2000 EPS from profit
of $0.02 to $0.12 and 2001 from $1.30 to $1.75 a share.... >>

So, AMAZON is operating at a loss for the next couple of years, but the price is going up, up, up...AMAZingON. Funny, his price target is already met, he lowers estimates, and reiterates buying more...

Got PNLK?

Smash