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


To: Bob Willis who wrote (15393)4/16/1999 1:24:00 AM
From: allen v.w.  Respond to of 40688
 
Hello BOB. Here is a post from raging bull given to me by Gary Vervecklen, A long term investor.
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P.S. Another thing to consider with this or any stock. Once a stock starts to move because of "news" or an "event" you'll have two types of investors. One (like myself) invested in PNLK for the longer run (hopefully years) so I am holding because I have confidence in the company. This causes the stock price to increase "Moderately" as PNLK has been doing over the past few weeks/months. This has been a direct result of their highly anticipated Ver. 3 and next Wednesday's Expo (as an added bonus). The other investors are the "Profit Takers" and "Day Traders". These are the investors that buy in and then sell after about a point or two increase. This causes the stock to take major jumps in value and then drop substantualy. Look at where the stock finishes after this happens. Those traders are gone and investors like myself are left. Where the stock price is at, after they leave, is our NEW BASE (stock) PRICE. Now if you go back to last Friday, you will see that PNLK finished at $4. Monday the "Version 3 NEWS" and the stock took off. Yesterday the stock dropped. The "Profit Takers" sold and the stock finished at $5.75 (our new base price). Today it has fluctuated some but is still holding on. Good News PNLK is still moving up, not from the "Profit Takers" but from the long term investors. They made about $2 or so a share profit. How much will your stock be worth in say a week, month or year? I'll bet it's more than $2 or so. One more note, "ABOUT THE Bashers". They are saying and doing anything they can to try and get the stock back down again. Either they missed the boat from the start or are the "Profit Takers". Either way given the power of "Scare Tactics" they can disrupt this or any stock price. Be smart and don't play into their hands, your only hurting yourself and helping them. Hang in there and you'll be glad you did. And once they loose their power with PNLK they'll move on to another site and start all over again. Good Luck...