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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we? -- Ignore unavailable to you. Want to Upgrade?


To: mark g who wrote (152)9/19/1998
From: BONGIZMO  Read Replies (1) | Respond to of 3171
 
We do appear to be on the ground floor of this opportunity. I just wanted to address a couple issues that were raised. First, the wide spread that at times appears on PLRP is not to be read into too much, we will see this as there are so few MM's involved. As more appear, and with volume like today's they most certainly will, there will be increased competition for shares and the spread will tighten. A low number of MM's can actually help us early on when the expected events transpire and buying takes place, it can cause a stock to move in much greater increments as the few MM's are forced to raise the price to catch shares and can't play games among themselves. Second, the loss of an MM at this stage is also not a bad thing. I would view it as the big seller having exhausted their supply which should now let the stock breathe. Finally, the post that stated when 9/16 is broken the stock could really start a move upwards I completely agree with, that does appear to be the resistance level at this point.

I thank those that have done the DD on this company and I'll add what I can from a trading standpoint when appropriate. Finally would someone be kind enough to list the shares outstanding and float again for those of us new to the thread.