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

To: AriKirA who wrote (3477)	3/13/1999 10:01:00 PM
From: Jack Rayfield	Respond to of 8117

Ward, Let me to be the third or fourth to congratulate you on your call last year. You could not have been more correct. And I admit that I am one of the diehard optimist that were calling you crazy. But I also do not see what you base your C$1.00 prediction on. Please enlighten me I have done alot of reading on TA and I just can not see a break down to that level. If we were to breakdown through C1.80 on volume then I would agree the chart would really turn sour. But like Jerry I do not think that technical analysis is very effective on such a thinly traded stock. As past runs have indicated substantial news i.e. orders will really move this stock. In my opinion there is no correlation with last year at this time when the FAST 1 was a concept that really had not been proven and ran on expectations and rumors. Now it has been tested, the design has been refined and it has run the gauntlet with the military. Which I think is significant progress, that is not reflected in the stock price because it has taken longer than expected. Do you not think the military training next week is significant? Or are you such a pure techican that no fundamental information affects your analysis of a stock. I would really appreciate your reasoning for picking the C $1.00 level. I am always looking to learn and my hat is off to you for taking such a bold position last year in your almost perfect prediction. I must admit I think that you are full of bull on your current call. But I have been wrong for over a year and admit that I could be blindly optimistic. Thanks Jack