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


To: *ROSARIO* who wrote (16956)11/1/1998 10:42:00 AM
From: Rock_nj  Read Replies (3) | Respond to of 43774
 
We will see PRWT at 3-5 cents next week provided CNBC coverage of Insider Trading's Grand Opening on Wednesday goes as planned!!

Who said CNBC is going to cover the IT trading office opening in NY?!? It's well known that CNBC does not cover BB stocks. The only mention of CNBC that I've heard is that PRWT is making commercials that are going to be shown locally on CNBC. PRWT might very well trade in the 3-5 cent range next week, but CNBC coverage???..... hmmm

Newbies beware! This is a typically misleading statement by the infamous *ROSARIO*. Do not trust *ROSARIO*, he/she is a hypster/basher.



To: *ROSARIO* who wrote (16956)11/1/1998 2:34:00 PM
From: jhild  Read Replies (2) | Respond to of 43774
 
You will see the Big-Boys starting to come in and buying Tens of millions of shares in blocks of 100,000 to 500,000 share increments.

So Rosie, you think that the Big Boys are guys that will sling around $2K to $10K a trade? Surely you are joking. While this is serious money for a lot of smaller investors, this hardly seems like an indication that "Big Boys" are interested in this one. If you have a fund that has a net asset value of $1B, and it is say just doing one turnover per year in their portfolio, this works out to about 5 million a day in trading. Roughly half the market cap of PRWT a day. If they are doing trades at only $10K per trade they would be executing nearly 500 such trades a day or more than a $10K trade every minute the market is open. Something tells me that the "Big Boys" trading days aren't quite that frantic.

But then I guess in your enthusiasm you must be talking about some other smaller fry as "Big Boys".