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

To: Ken who wrote (1955)	6/23/1998 12:09:00 AM
From: AF	Respond to of 43774

Ken, the MM's are keeping the price up for some reason. not enough swing for daytraders they left thrusday. it has been fairly consistant since friday and expect the same tomorrow. JMO

To: Ken who wrote (1955)	6/23/1998 12:14:00 AM
From: LegalBeast	Respond to of 43774

Well Ken ... I have said before and I will repeat that they can have my 150K shares when they pry my cold dead fingers from them. That having been said, in the short term I am happy and actually amazed that the price has held. I don't know how long it will hold without news though. That is a phenomenin of the BB market: When news is announced to be pending, or rumored the price rises in anticipation. But when the magic time has past without the news, declines are to be expected. Look at the volume the past week and look at today's volume. Pales by comparison. As the volume dies, it seems that also does the price. Without news tomorrow, I fear that a lot of folks will tire of the wait and bail. I remember when Humana got bought a few weeks ago. I had 1K shares and waited it out. The news of the sale was three days late. I pocketed a 80% increase on my actual investment since I margined it. A lot of folks tired of the wait and sold a day early and missed. I think the same may happen here ... their loss ... if it dips to 5 I'll pick up another 50K I think :)