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


To: terri acey who wrote (16820)4/23/1999 12:46:00 AM
From: GreenKeeper  Read Replies (1) | Respond to of 40688
 
This Hangover, too, shall pass. After a little rationalization.

PNL has taken positive steps that warrant a 50 day moving average of 2.90, which is right where we are. We wouldn't have a climbing average, if V3 hadn't been successful and the winding road ahead didn't look positive.

When the ATT announcement pumped our balloon up to 2.90, impatient air seeped out, and a 50% retrenchment felt like we had missed the gold.

Then the V3 party pumped us to 7.90, but post IBE-partum blues seeped back to 2.90. Some see this as a fizzle, others a stepping stone.

But the PNL beat goes on. GZ is just getting warmed up. And we true longs will wait (anxiously) for the BIG rainbow. That's not to say we are happy watching paper plusses evaporate, but the advantage of staking our claim early is that we can ride out the turbulence, while others pick new entry points (tomorrow's low will be a good one).

One reason for this week's lows is that GZ has never clarified what BANKING is all about, and what it could mean to PNL and its customers. The banking alliance, alluded to in December, and expected as a follow-up to the IBE, looms like a half light, half dark cloud. Its rainbow may come, or its thunder may roll away, unheard.

What are the odds that PNL has come this far to roll over?

GK