Alright, I'm back. I ignored had to this baby for a while, took it off my stock screen, ... Came back and find a new discussion home and the stock in the 3's. I didn't know we'd be in a penny stock!
Had to get away from this stock for a while. I feel so bad about it, not because I am down money (haven't lost the money unless I sell though), but becasue in my early enthusiasm I told alot of friends and co-workers about this "great concept," and they are now down money. I don't have much money myself, but some are folks who really coudn't afford such a drop. I did warn them that this fell into the speculative category, and it's going to either make alot of money or lose alot of money. Anyhow, watching the constant drop just increased my guilt. I think I have come up with a solution to this though--make new friends and get another job! (Just kidding.)
I like the idea and action on a new thread. Cable modem killers huh? The cable modems haven't made any modem yet either. Why were we trying to kill something else losing money? Seriously though, did anyone realize we had over 2100 postings on that thread? Hope we can equal that here.
Sorry to see that we lost alot of friends recently. Maybe if this baby turns around they'll come back in to the group, or at least drop in and say hi. It is good to see some new names. Maybe they'll bring some new luck.
Now, as far as CAWS, this may be this best buy on Wall Street or the plot for "The Money Pit II." I am so damn tempted to buy more stock and get some of those June 5 options, but personally I am going to wait for an upward trend to begin. I keep buying on the way down thinking this is the bottom, but... I should have looked at the charts first and not think with my heart. So, my game plan is to hold tight until June atleast, and possibly acquire more if an upward trend is established. I may pay a little more buying at 4 instead of 3 1/2, but atleast I know I won't be buying at 3 1/2 with the option of 3 a few days later.
Everyone who has been in long, just keep in mind that unless BANX pulls out all of a sudden the story in the long run hasn't changed. I am going to find out the status of their PR firm. It seems to me that the commerical roll-out of the Internet services should be worth a few points alone, IF ANYONE KNOWS ABOUT IT! Remember, it was the the announcement of just the mere testing of such services which caused the price to jump up to 17 1/2 last Spring and it was this feature which initally caught the attention of most of us.
In my opinion, with a good PR firm (which is a HUGE question mark in my mind), the start of commercial Internet rollout should be worth a few points, the announcement of a new contract with BANX should be worth a few points, and then the actual delivery and selling of services could be when should see the start of a consistent upward trend because this means the revenue finally starts. In the short term, the lack of earnings (whenever they are released) and a continued delay in the BANK agreement could cause a further drop. The good news is that it can't go much lower unless it trades as an IOU. Anyhow, that my take on it.
Hope everyone is doing well. |
