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Microcap & Penny Stocks : PNEC - Planet entertainment ready to spin gold -- Ignore unavailable to you. Want to Upgrade?

To: rharris who wrote (136)	6/21/1998 1:32:00 PM
From: shawn a. becker	Read Replies (1) \| Respond to of 221

PNEC:UPDATE.PNEC is ready to ROCK n' ROLL to the upside once again and it wont take that many shares to take it back to 11$ .The shorts just had their last chance to cover low and no stock came in on the sell side for them to cover like they thought it would after the convertible was announced.ITS obvious to me there is no cheap stock out there and the only stock that came in to sell was a few weak longs and the shorts banging the bids trying to make it look weak.I think the stock will retrace the entire move down to 5 1/2 and could be back to 11$ this week.Bulletin board companies dont get 5 million in financing unless they have something going on, and from what i understand they had to turn down many other offers.Technically the stock is ready to go back up andshould have a good move this week, its back over its 50 day mvg. avg. real quick which is a good sign.Plus fundamentally we should see something this week maybe even something significant.THe bottom line is that this stock is cheap and anywhere under 10$ is cheap . The management of PNEC is on a mission and that is to build a 100 million $ company by year end and i think that its very likly that it will happen.!!!!