Pacel Corp (PCOR)

[Martin Murray]

I've been watching this stock a long time. This .0017x.0018 is a repeat of the situation last month. It hit the same levels, a little lower in fact. That is when they announced they were being removed from the Berlin exchange where they had been listed without their permission.

At that time, JSLP was the principal seller/shorter of the stock. Since that time, to the day I think, JSLP is gone. Now NITE is heavily selling the stock. NITE has been selling several others that are also in positive news cycles, like RNKE, which recently cancelled the issuance of 700M+ shares and still did not get a sustainable bump.

I know that PCCL is issuing a lot of paper and NITE may be in charge of selling it. I have not contacted the transfer agent to ask. However, I think we are probably still seeing some naked shorting, a weak market and a general outflow from OTCBB to the MYSE and MASDAQ exchanges. Almost every day, the majority of the most active OTCBB stocks are down.

I know it is a long-winded answer. Sorry, but I don't think we can look at PCCL in isolation. It has strong support in the mid-teens and will probably bounce back into the mid-20's. I usually watch NITE to see where they are buying. Today NITE was buying @ .0018, so I bought @ .0019. When NITE dropped to .0017, I bought more @ .0018. So, I'm not worried about it. It has been here and bounced before, after the selling pressure lets up.

Oh, and one more thing, PCCL had the highest volume of any stock on the OTCBB today. To me, that is a sign of a major switch within days.