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


To: taz man who wrote (6916)7/20/1998 7:04:00 PM
From: xbrent  Respond to of 43774
 
The stock moved today because of two reasons, in my opinion.
1. Trading web site up. Lots of hits. Looks like it might find a nitch in the lucrative on line trading world. Site still under development but it shows promise.
2. Strong probability of news this week, probably mid week. The company has alot to report as it defines itself. There is a strong suspicion that they have some very good news to report.
The continuing volume is likely to cause attention as well. With this kind of volume there has to be some serious accumulation. Although the float is large the MM's are likely to run low on shares fairly soon. I don't think that they want to get caught short on this one. When the stock ran to .12 they did not have any fun as it did not return to earlier low levels.If the mortage business grows to any degree and if the video phone and/or the brokerage take off, look out. This stock could head toward .50.