To: Paganini who wrote (3897 ) 10/22/1998 11:16:00 AM From: allen v.w. Respond to of 40688
This is a post from JOHNNY. Allen, Could you post this on SI for me. I couldn't do it this morning. There was some technical problem with the SI. Thank you. Good luck with our PNLK. Johnny It would be interesting to see how Mr. E.D.Dss going to handle the trade of 250,000 shares. I personally have never done that before, so I really like to learn how. I was asking on how PNLK is going to do today at the market. Overall, I think PNLk is going to do ok. It's going to stay within 1 dollar with some change. Yesterday, I'd followed the MN all day on all of the PNLK trade. Let me back off. On Tuesday, PNLK ran up to 1.43 at it high and there were a lot of short in it. Ask price was at 1.40 and Bid price was at 1.19. With in 45 minutes, from 11:00 to 11:45 the MM brought the price down from 1.19 to 1.01, 1.00 and .98 for the Bid price. In the mean time, the stock still at it high of the day, from 1.43 down to 1.30. Therefore I think we do have some of short term investors, especially those with 150K shares purchase on Friday, sold out for a quick profit. But you got to stick with your asking price to sell. Don't chase after the Bid price from the MM. Because they DO MANIPULATE the stock price. As of yesterday, I didn't follow of how the volume of the stock had been traded, but I can see that PNLK stick it price at 1.00-1.02 level. I tried to buy at under a dollar but my orders couldn't be fill. At the end of the day, I had to buy at market price and it took 45 min. to fill my order. So, experiencing from that, I've concluded there was not that many of the seller in this market. Only MM try to make profit from the spread of the stock. As from Glenn, I hope we are going to get some good news today or Friday. And then definitely next week, we are going to get the Number of Subcribers and Revenue. As for our new investors, try to get in when you can this week. Next week may be too late. The market is fine. Japan is up for the 5th straight day. We are going to do fine. Just my 2 cents.