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Post# of 89565
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Re: Patsy post# 739

Friday, 02/02/2001 1:03:55 AM

Friday, February 02, 2001 1:03:55 AM

Post# of 89565
I remember when I first mentioned PMLK to you Patsy, at the time it was my favorite stock. Well it still is today, about 1 year later. Like you said they are some of the nicest most honest people you could ask for running the company, and truly are looking out for the shareholders best interest.

I wish I could take the credit for finding this darling, but I was first introduced to PMLK by a great trading buddy of mine when it was at .375 and didn't take the time to look at this Ostrich Farm, as so it appeared on the surface at the time. Once I seen it move to .75 I thought it was time I did my DD on this one. Well my research paid off big time and was rewarded for my efforts (I needed a little FIBER in my diet any ways). I like you Patsy let my stock go all between 7.50 to 7.75 not because I didn't think the company had the potential to go higher, but rather the stock had moved up too fast to support or hold there in my opinion. I was fortunate that I was able to call the top of that cycle and now have started to accumulate again as it would appear we are again at the bottom and working back up.

ProfitChaser, I hear you on the liquidity issue no doubt it can be a problem. However if you are long the stock and you pick your places and times to sell you should have no problem. When this stock ran the last time I can tell you this I had no problem what so ever getting out and I had some size to get out of too. With these low float stocks I typically wait for buying and sell into it then, if it meets my target price of course. If you need out of a low floater and at the time there is no buying then yes the MM's can give you all sorts of grief, so my suggestion is as with any low floater don't buy unless you can wait it out. Hot money is not the place for tight float stocks. Remember though as is the case with many low float stocks any kind of buying pressure can make for great rewards. Again when I sold I just sat at the Ask and was taken out everytime...so much so that I was starting to second guess my decision to sell at the time. It all worked out nicely though.

I look at stocks all the time, looking for something...anything that looks better to me or even comparable to PMLK on the OTCBB and nothing ever seems to come close. However I will never quit looking, because I'm sure somewhere out there is. Who knows someone might even post it on the very thread and make us all rich. In the mean time it is my opinion that buying PMLK under $4.00 is giving you a really good chance at some really decent returns.

Regards,

Shawn
aka Shac.


With trading you must conquer your emotions and be very disciplined about your goals.

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