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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: Jay Judell who wrote (33742)4/20/1999 11:34:00 AM
From: barbara sperino  Read Replies (2) | Respond to of 43774
 
I believe it was just normal profit taking but not enough to over take the buying pressure as you can see.
I believe we have a very large buyer in the mkt. there is steady buying going on regardless on the ask. this tells me that someone is accumulating through a broker a very large amount of share and share count in more important to them than price. I can tell you its not a trader type because they would have let the stock retrace before now and than would have "timed" their buying. This isn't happening its steadying buying going on regardless of price.
PABN has not done any of the normal retracing that a stock should do. Has been driving me a bit crazy.LOL. I like those technical things. I have stated to many that this is almost unhealthy, but yesterday I starting noticing in the trading logs the steadiness of the buying going on. I have only seen a stock under accumulation like this once before. Makes it wonderful for anyone that wants to take some profit makes it hell for anyone that wants to buy. IMHO
anyone else with similar thoughts?