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Microcap & Penny Stocks : PINC - Planet City -- Software and Services -- Ignore unavailable to you. Want to Upgrade?


To: TENNET who wrote (598)9/22/1998 10:57:00 PM
From: Robert Ague  Read Replies (1) | Respond to of 1754
 
Everybody hanging on?

I too thought that the news would be received more positively, but maybe the MMs are trying to scare some out of some shares. You know, the current trading range 0.55 to 0.85 allows for quite a bit of trading in and out for quick 10-20% gains. I am not doing this, but the MMs are making a lot by doing it.

What is the next hurdle to clear? Revenue reporting would be good. Why can't a company just come out and say hey we made/lost $X this quarter? Probably b/c they would be afraid for the price to drop. But, wait, they don't time news releases based upon the share price either. I'm glad that I fly airplanes for a living.

The AOL site should be up soon. The MBK is a new thing for PINC, and note the length of stock prices, only goes back a few months. People are waiting and watching. I don't expect much until the price first breaks a dollar, and then $1 3/4 on significant volume. I feel confident PINC would hit $2-3 a share before the year's end. Maybe panic will send the prices even higher next year. I think continued accumulation here is good, strong support around half a buck.

My 2 cents
Rob