SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: Redhook who wrote (5255)7/9/1998 6:16:00 PM
From: xbrent  Read Replies (1) | Respond to of 43774
 
There was little major selling today. Mostly smaller trades. People who day trade and run at the first down tick, which is like clockwork after the initial run of buying. The MM's take all the market buys and run it a bit and then promptly lower it. That is just a great way for them to make money. Sell high and buy low. Why not. Major runs are magical in the BB market. A combination of volume, blue sky hopes, news, few sellers,momentum, word of mouth on lots of threads, stock sheets, some big block buys, are all part of the magic. I think that the magic will return to PRWT shortly, but can't predict when. # 1 BB volume today with an old high of .12 + could get us started.



To: Redhook who wrote (5255)7/9/1998 6:41:00 PM
From: DealMaker  Read Replies (2) | Respond to of 43774
 
Jim, it could be a combination of a few things;
There are still alot of shares in weak hands that have been waiting to dump on a small increase....additionally, there are alot of shares out there, making it easy for the MM's to play....as the supply decreases and the big shareholders keep holding long, the price will steadily climb......we had a very nice gain today, and a very high trading volume which I believe to be primarily based on the PR....I think that the climb will continue for a little while, and then level off....what will really keep the ball rolling is the release of financial information which is set to occur within 35 days. With a combination of a solid management team, a well funded war-chest of cash, govt. guaranteed on-going mortgage revenue in the 10's of millions, some diversified and revolutionary niche products with large margin potential (videophone & AWS), and documented financial information (filed with the SEC) to backup the claims, the stock is sure to catch the eyes of private and institutional bargain hunters willing to snatch up shares in volume. All that seems to be missing is a little patience. Of course that's just my opinion, your opinion may vary.

DM



To: Redhook who wrote (5255)7/9/1998 7:41:00 PM
From: Jim B  Read Replies (2) | Respond to of 43774
 
lest we forget that the PR that got this whole thing started took
a few days before the stock moved at all.. and then it went from
.015 to about .125 without seeing much of a pause along the way..
so don't expect a miracle boost within 24hours.. if I remember.. I think PRWT ran from the prices I just mentioned without about 30 to 75% increases in price per day.. with dips during the intradays.
all in all. this one has been hard to read.. but we do seem to be on
the upward trend.. so hang in there folks.. we didn't close at our high.. but we closed up.. and up nicely.

jim