Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: James Simonick who wrote (9970)	2/14/1999 3:54:00 PM
From: ztect	Read Replies (1) \| Respond to of 40688

Next piece of news could push PNLK over 3...before it settles with new base of 2 Wouldn't be surprised to see interesting news either this or next week... Then again...I could be wrong....I often am... z

To: James Simonick who wrote (9970)	2/14/1999 4:30:00 PM
From: D PARKER	Read Replies (1) \| Respond to of 40688

Jim, I do not know how much lower it will go, but based on its past track record it will continue to decline until the next news release. I also tell a lot of people about PNLK, but that does not seem to have much effect on the price. I have learned that I can find many good and valid reasons to say that the price should not decline, but it still does. As far as the "base of free or available shares" go, it is nearly meaningless. MM's routinely create shares by shorting. rhetorical example: Investor: I think that the price will not go much below 1.25, therefore I will buy at that level. MM: Hey, there is someone that will pay me 1.25 for PNLK. I will sell short and give him all the shares he wants. I will then drop the price some more and buy them back from someone that panic sells. If you watch the pattern of selling/buying you will see it also. It may hold at a price for a while, but there will be a sudden drop in price and a bunch of sell orders will come in. Go back and check the trading pattern at 1.50...... The above is of course all conjecture. "A sense of right and wrong is necessary for the life of a community. Without it the society will destroy itself. History shows that the loosening of moral bonds is the first stage of disintegration." (Lord Deven, famous British jurist) Citizen Dave