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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?


To: KZAP who wrote (3232)6/7/1998 4:11:00 PM
From: Qone0  Read Replies (2) | Respond to of 4783
 
Well hello. KZAP. Most people have between a 100k and 300k position. The largest is 750k the smallest is 1k.

The last time i saw you, you were day trading AVBC. As i recall you sold at .075 on AVBC and at .10 you were on the thread posting negative posts.

Have you ever tried to day trade a 500k position? The larger the position the longer the investor.

I do not have your share count. Are you long or are you day trading

ROB



To: KZAP who wrote (3232)6/7/1998 4:38:00 PM
From: Egolpi  Respond to of 4783
 
KZAP

It is quite possible that the longs in this stock have been accumulating 10K to 25K at a time, which would explain why large block buy are not showing up on the trading logs. That is true in my case, and I presume others.

Egolpi



To: KZAP who wrote (3232)6/7/1998 4:46:00 PM
From: TraderGreg  Read Replies (1) | Respond to of 4783
 
I must definitely agree with you KZ. Look, everyone, every thread on every stock I own talks about replicating the ICVI/INFE/DGIV experience. Staying strong, buying more, etc, etc.

Any look at the volume of those three stocks shows even those three weren't comprised of everyone staying strong. Those stocks moved because the buying far outstripped the selling and the reason the buying was so huge is that the core group of Rocketeers had very deep pockets. Since the market value of the float of those three stocks was fairly low, it made it even easier.(INFE started at $450K market value; ICVI under $800K; PKGP is well over $2 million.)

Take INFE, the float was what, 3 million shares, with many averaged in well above the recent trading price. In other words, those longs could stay long in to four or six bag city because they had little choice.
Contrast that with PKGP, where many shareholders are averaged in well under 15 cents, many under 10 cents. Moreover, there are at least 35mm shares in our float.

Do I want an ICVI/INFE/DGIV? Of course, who wouldn't, but the parameters of our situation are vastly different. When this stock goes up, selling kicks in. That is a fact. Bring on some deep money and that will change. And it will be needed to absorb the inevitable selling that will occur.

The more we talk about short squeezes, Rocketeer scenarios and the like, while losing focus on the fundamentals, the greater the disappointment when the reality fails to meet the often unrealistic expectations.

TG