<lots of people who bought in that area and have suffered thru the last 1-2 years. many will be happy to get their money back and nothing else.>
Bob,
I don't agree with that, since I'm one of those people. If this price rise was without news, I'd agree, but now that I see evidence that PSI's business plan is being delivered, and more importantly, is being validated by similar efforts at other companies, it would be foolish for me to sell in the face of what I bought the stock for in the first place! From what I have read about IP telephony, the demand will far exceed the supply at least for awhile - the technology itself is still being worked out!
What PSI is positioning itself for, as I see it, is to become the early bird in IP telephony. While doing that is not without risks, the rewards of being at least competent in the field are enormous.
I admit I am not a day-trader and I suppose there are those who might just want to break even, but it just doesn't make sense to me to sell stock held long-term in a company that's going in the right direction just to break even or reduce a loss.
Take care,
Dave |
