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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: barbara sperino who wrote (1580)6/19/1998 10:44:00 AM
From: Roger Bodine  Respond to of 43774
 
Volume movement has slowed at 9,340,000 @ .075 This may be the base and we go up from here.
Roger



To: barbara sperino who wrote (1580)6/19/1998 10:47:00 AM
From: AF  Read Replies (2) | Respond to of 43774
 
barbara, your right. they are going to do this all day long. they are loading up for some reason. dropping the bid on sells. they drop it on small sells trying to get bites. if no takers they run it back up. solid buying right now and i'm holding!



To: barbara sperino who wrote (1580)6/19/1998 11:01:00 AM
From: J. M. Burr  Read Replies (1) | Respond to of 43774
 
Barbara: Some shares were shaken free, but not as many as they wanted. This game began yesterday afternoon approximately two minutes before closing when the stock was up about a half-cent. The stock was knocked down and suffered a daily loss after the bell! From that point until about 10:30 today, when the stock began (I believe) its rebound, some 7.5 million shares passed hands. Nothing spectacular, really given past trading patterns. When I first checked this stock, perhaps an hour after opening this AM, I asked my broker to fill 500,000 at .06 and sell the same 30 minutes before the close today. I figured it was money in the bank, and I already own enough of PRWT. He could not fill. Obviously, many people had the same idea. I believe that the MM were aware that the company was about to issue a blockbuster press report and wanted to grab as many shares as possible before that occurred. Scare the crowd tactic didn't work -- or at least let's hope it didn't. Tumbleweed.