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

To: Jack Rayfield who wrote (3556)	3/23/1999 11:25:00 PM
From: stubbs	Read Replies (1) \| Respond to of 8117

Could the dry up not be related to Dow down 218 nd TO down 115.I guess if markets rebound we will know for sure. Stubbs

To: Jack Rayfield who wrote (3556)	3/24/1999 1:00:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 8117

Jack, The TSE 300 and the DJIA will continue their slide for another few days. This came as fears about growth at market-leading technology companies snowballed into broader concerns about corporate profits. In other words, Earning Warnings! Such a slide would generally have an impact on blue chips. However, the penny stocks (anything trading under $5) usually benefit from the latter since the smart money goes from buying some blue chips to buying penny stocks, knowing very well that an impact would much less be felt on said stocks. It might however encourage some retail investors wanting to invest to wait it out, which would result in a decrease of the retail buying. Looking at both trading logs, I am under the impression that the house that did the buying that day was buying on behalf of an 'informed' individual or group. It was not retail buying. I edited the buyers and the sellers on the Canadian exchange so you could see what I mean. *Vancouver* V 1999-03-22 13:06:12 2.350 .430 800 V 1999-03-22 11:41:36 2.300 .380 1500 V 1999-03-22 11:41:36 2.300 .380 200 V 1999-03-22 11:31:48 2.200 .280 500 V 1999-03-22 11:31:42 2.200 .280 1500 V 1999-03-22 11:30:42 2.300 .380 100 V 1999-03-22 10:50:42 2.200 .280 800 V 1999-03-22 10:02:54 2.390 .470 2000 V 1999-03-22 08:46:12 2.400 .480 1000 V 1999-03-22 08:34:00 2.400 .480 1000 V 1999-03-22 08:20:30 2.400 .480 500 V 1999-03-22 08:02:48 2.400 .480 800 V 1999-03-22 07:49:12 2.500 .580 1500 V 1999-03-22 07:49:12 2.500 .580 1500 V 1999-03-22 07:48:36 2.400 .480 1000 V 1999-03-22 07:48:36 2.400 .480 1000 V 1999-03-22 07:42:36 2.200 .280 1000 V 1999-03-22 07:37:36 2.150 .230 1000 V 1999-03-22 07:28:54 1.990 .070 1000 V 1999-03-22 07:28:36 1.950 .030 1100 V 1999-03-22 06:30:06 1.920 .000 2800 *OTC-BB* Q 1999-03-22 13:51:14 1.450 0.138 800 Q 1999-03-22 13:48:22 1.500 0.188 1000 Q 1999-03-22 13:02:28 1.600 0.288 2000 Q 1999-03-22 11:26:42 1.630 0.318 2500 Q 1999-03-22 10:51:44 2.000 0.688 7500 Q 1999-03-22 10:50:12 1.640 0.328 5000 Q 1999-03-22 10:44:48 1.625 0.313 1000 Q 1999-03-22 10:43:34 1.470 0.158 1000 Q 1999-03-22 10:42:38 2.125 0.813 1000 Q 1999-03-22 10:41:16 1.500 0.188 1000 Q 1999-03-22 10:40:10 1.500 0.188 500 Q 1999-03-22 10:40:02 1.500 0.188 500 Q 1999-03-22 10:38:50 1.440 0.128 1000 Q 1999-03-22 10:34:20 1.313 0.000 500 Q 1999-03-22 10:34:18 1.313 0.000 500 Q 1999-03-22 10:31:02 1.330 0.018 2100 My impression is that the same buyer was buying on both exchanges. Look at the intervals between the buys. Look at the time the buys started and finished. I see a pattern. Well, I might be way off on this Jack, but the latter represents my opinion in this regard. I think your statement is also true. Some of the people were expecting a PR and were buying hoping to time the release and benefit from the increase in price. I expect the price to stabilize around the 2.00 - 2.10 area until news comes out next week. Hope this answers your question Jack Kind Regards AK