SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: WVMayor who wrote (1515)6/19/1998 6:27:00 AM
From: swill99  Respond to of 43774
 
To All:

I think people get mesmerized by new highs every day and get nervous if their money doesn't go up 30%+ on a given day. So the emotion play is always the easy way out. The MM's and the day traders will make a living (not a killing) on them. The prudent money will hold and hopefully support the stock price during these PR dry days.

The ABC news story was about Internet long distance. I think VIMF actually uses regular phone lines (right now), but also can provide Internet access, in a package that doesn't have to be upgraded every 6 months like a PC. The technology can probably support direct Internet connection. Anyone more in this business who can comment?

Good luck, all...

Steve



To: WVMayor who wrote (1515)6/19/1998 7:53:00 AM
From: JeffreyP  Read Replies (3) | Respond to of 43774
 
The other thing to note about the volume vs. price change yesterday was that there was some subtle manipulation in the price through small buy / sell positions in order to keep the price at a certain level. From what I could tell, the volume of shares on the buy side was significantly higher than the sell.

I agree with you WVMayor, what we saw yesterday afternoon IMO was not only normal but a positioning buy groups who wanted to keep the price at a certain level in speculation for a buying run...