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


To: J T who wrote (11034)8/9/1998 8:59:00 PM
From: lakers17  Read Replies (4) | Respond to of 43774
 
PRWT investors beware........

I have been in SI for about two months and all these penny boards are the same. Wild claims, hypsters, cheerleaders, promoters etc. Beware of any poster that continually posts. For your own protection do your own DD and be very cautious of claims by certain posters. No one can really predict what will happen with these penny stocks. Flip a coin. Beware of posting from David Sirk and Rosario. While some of their information is right most of what they post is only their opinion. I prefer to read posts from Jim B. who is a voice of reason and doesn't make wild claims. On all these penny threads you read claims of stocks under .05 going to $1 a share or more. This rarely happens. Posters are playing with your emotions and feeding you a lot of BS similar to a get rich quick concept. The stock market rarely works this way and penny stocks fall back to earth or go through reverse splits. So don't get greedy and foolish. If PRWT does have a nice increase sell some and lock your profits in while keeping some shares. Be very careful about buying shares at much higher prices. Most of these penny stocks come right back down far from their 52 week highs. Look at EDII when it went straight up to .80 and MTEI when it went to $1.75. People thought they were going to be instant millionaires. Don't get greedy and don't believe a lot of the hype you read on these boards. Take some profits on the way up, keep a core position of shares and put your profits into your next pick...And always diversify. Don't put all your investment dollars into one stock in order to get rich. 99.9% of the time it is not going to happen.

Lakers



To: J T who wrote (11034)8/9/1998 9:05:00 PM
From: Tom Murphy  Read Replies (2) | Respond to of 43774
 
I own it, don't plan on selling anytime soon..and am not slamming it. Some people need to get a little thicker skin on this board. Investor boards should be places to exchange thoughts, opinions, and hopefully present "balanced" arguments on the merit of a stock and its prospects. In the case of the PRWT board...a lot of people think this board should be nothing other than one long PR commercial for PRWT, any post they perceive as having the slightest negativity will not be tolerated. As for my post on the MM's churn, and your comment on volume..volume is not as great as you think on this stock...you got numbers moving but not money. Its all relative. Trading 2500 shares of PRWT is the same as trading 1 share of Cisco. Look at the number of trades and the way this stock trades each day....my guess is that some days up to half are MM trades...that is not a slam...it is the reality of a penny stock such as PRWT....When it comes to this particular issue, MM's, for whatever its worth, I know what I am talking about.