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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: AriKirA who wrote (3349)3/5/1999 3:11:00 PM
From: JayPC  Respond to of 8117
 
If there was bad news on the way, and this seller knew it.. why wouldn't they sell a FEW shares at 1.88. Whats a couple of pennies if you know bad things are coming?

Hard to figure out these block sellers... by the way, anyone know the rules for shorting stocks on the VSE? I heard you could not short if the share was trading under $3.00

Jay



To: AriKirA who wrote (3349)3/5/1999 7:51:00 PM
From: Edward W. Richmond  Read Replies (2) | Respond to of 8117
 
Ari, thanks for sharing your insight on short selling. Having never shorted a stock, I am at the beginning of the learning curve.
Regards, Ed



To: AriKirA who wrote (3349)3/5/1999 11:30:00 PM
From: GWD  Respond to of 8117
 
Hi AriKirA
Investors sell for many reasons,and it is allways difficult to second guess why.
Todays large volume by DS could simply have been a way for a investor to raise some much needed cash.If this was the case (IMHO a very strong possibility)it would have no bearing what so ever on the future outlook of PYNG,re)orders,military ect.
If however todays activity is fuelled by the speculation that the military will decide against FAST1,Pyng would stall in its tracks,and now would be a good time to get out.
IMHO,this would be highly unlikely.The military's response has been very positive towards FAST1 and it seems to be there number one choice.
As for selling the shares short,this would not make sense at this time.
Low volume,undervalued,and little momentum,are good reasons not to sell short.
In conclusion,it would be very beneficial to the future of PYNG if its management would promote the company to the investment community.
Regards GWD