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

To: AF who wrote (1595)	6/19/1998 11:59:00 AM
From: J. M. Burr	Respond to of 43774

Look: I can only answer your question this way. If you had the dough would it be worth your while to buy up all the stock at .10? .20?, or even .05 or less? It has just been reported on this thread that all the indicators point up. Great! But for me that is half the battle. I try to judge the psychology of the market for every stock I buy, and when both indicators and psychology are positive, then I go for it. When things get out of hand, I sell. I also reject my own advice and buy futuristic stocks, even though there is little market action (DDSI, JAWZ, VLNC, NRGN etc.,) and though I often lose money, the one or two that make it overcome the losses on the others. My experience is that the heart rather than the head causes one to buy or sell. The float is important, but for penny stocks I think the one aspect really overlooked is the number of MMs involved. As I recall, three weeks ago there were just 3-4 MM (someone can correct me if I'm wrong); now there are a dozen or so. That should tell me something, and I have now begun to study certain MMs individually, their habits, feeding frenzies, etc. They have much more to say about stock price than the float. Good luck. Tumbleweed.