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

To: Dusty Vestal who wrote (2721)	6/24/1998 11:58:00 PM
From: slotman	Respond to of 43774

Good stuff Dusty. Penny people are a special breed. Gamblers to put it mildly. I have a lot of sympathy for anyone that gets caught in a scam. But.. these guys who keep buying and selling in a panic can blame no one but themselves. You have to get sick to your stomach when you sell at a loss just minutes or hours before a major news is released. The biggest losers of this kind are on this thread right now and they will continue trading this way until they are flat broke. Then a mere 6 months from now some of the stocks they sold will be at prices that could have made them a lot of money. And again they'll get sick. If one does not believe long then he better hone his daytrading skills. I remember a post from a guy on FAMH when it was trading at .50. He said he put everything he had in it and if he did not just break even this summer he was going to be in deep trouble. It sounded like he invested money that was not his to invest.. very panicky tone. He was in no position to wait long and looks like it cost him dearly. I think anyone trying to make a living on bb's has to be nuts. Good luck to ya. rick

To: Dusty Vestal who wrote (2721)	6/24/1998 11:59:00 PM
From: findstock	Read Replies (1) \| Respond to of 43774

Yes Dusty pennies are very risky, but we have a golden opportunity here with this company....I love there PR release a very sharp group indeed, another penny I had that had a good shot at upside potential was ABRG.....the idiot CEO has hired some dime store PR firm and they came out with this hugely technical news release, and the stock which had momentum went into the tank....the situation that surprises me here is that everyone is losing there mind when this stock goes down, now its one thing to have a penny stock at .70 and have it go down to .45, I have been there for that, that is HARD to deal with, but this stock is at .07...when it drops to .04, I mean there is a bit of difference in those two numbers, and a drop like that is an opportunity to buy more....I am not sure we will see .035 again....but I sure liked picking up alot more at that price.....tommorow should be very nice, those that find the need to sell and make a few cents profit do so, and those that hold long will be rewarded....IMHO