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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Doug Bean who wrote (4341)	6/27/1998 7:37:00 PM
From: TraderGreg	Respond to of 4783

Good point Doug. Again, this latest scare is the reason people short. You know, I used to ask myself why they short when absolute max gain is 100% and downside is multi-bag LOSSES. They do it because it is so easy , so GD easy to scare people, even with garbage. Stocks can fall faster than they go up. I'm not in PKGP for the short squeeze, since I think a lot of the short positions were covered weeks ago(hope I'm wrong on this one). I'm in cause at .11 it was beaten up, at .08 it was pummeled and at .04 it was extremely oversold. Enjoy the weekend, Let's see what happens. I don't think we're gonna see some rocket like lift off, but we should see some decent growth,short squeeze or not. PKGP appears to have it together and the good news of last week should not be a cause for panic. TG