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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: VegasMan who wrote (643)	8/6/1998 6:37:00 PM
From: Dice	Read Replies (1) \| Respond to of 40688

IMO, we shouldn't see this stock drop much past a buck. Remember, PNLK generated tremendous interest in its ascent towards $8/share. Those who missed the boat then are probably thinking that this is the time to get back in. Just a hunch. The next three weeks should be fun!

To: VegasMan who wrote (643)	8/6/1998 6:38:00 PM
From: The Flying Crane	Read Replies (1) \| Respond to of 40688

First to Malko, very interesting observation. My guess is that for the last few days, a lot of stop losses has been hit and it started off a panic selling among the weak hands. There may be a lot of 'interested buyers' on the sideline who is waiting for the opportunity to jump in. They may see this price level at the proper time to start buying. The volume increase, IMHO, may revive others into action. Short-term traders, after seeing the increase in volume, may want to jump back in trying to catch the bottom before the move up. Other long-term investors who are not in PNLK yet may be contemplating at this moment. Phase 2 is still the carrot and the smell is getting stronger. So far, PNLK has all the trappings for a move up. As Malko has noticed, history could be repeating itself in PNLK. Regardless of when the up move begins, the long-term traders who already bought will be on the horse for the trip up. It is the short-term traders who have to *time* their entry point to go back in based on their own criteria. I sincerely hope some of them do not 'freeze up' with indecision (happened to a lot of short-term traders, including me when I traded commodity) or are not vacationing while the price increase begins- especially when they have their eyes on PNLK for quite awhile. As for myself, I am mentally prepared to accept the price volatility of PNLK, even for less than a dollar. Because I believe in the HUGE POTENTIAL* of PNL's concept, I am willing to accept the price volatility than to *MISS* being onbroad when the price run starts. I guess this is the difference between a long-term investors and a short-term traders. The risk each side takes is different. Prosperity to all! ----------------------------------------------------------------------------------- * The hardest part for me when trading commodity is that after a stop loss, you try to re-enter your trade when the price move again in your direction. Unless you are very focused on your strategy, it is very easy to become emotionally involved with your last trade that it affects your next trade; thus the 'freeze up' symptom.