Gerald,
Sorry for the oversight. Glad to hear you got in early.
I've bought lots of 5000 at 1,5, 1.75, 2.15,3.25, 4.75, and 2.875
My holdings represent about 15% of my "play" money. My IRA, KEOUGH, 401(k) monies are all in mutual funds. Plus I own several pieces of real estate. (I'm only 33 years old).
Though I wish I had bought all my shares (and more) at 1 (who wouldn't). I'm not to overly concerned with the range of my purchases.
Since I'm WAY way long on this investment, I'm not too overly concerned with the last couple days of activities.
I feel too many of us (myself included) have been sitting too close to our screens getting a little too enthusiastic about the ENORMOUS potential.
We should all take a step back and look at the big picture again for a moment.
One project I'm currently working on is an internet retail and education center project funded with A LOT of government money.Part of this project's purpose is to put internet education access centers in retail locations where Mr. and Mrs. Joe Six-pack can learn how to use the internet. Currently we are working on the prototype location with a planned roll out of 40 retail locations and 60 government locations. These centers each have a training center and are going to be linked via the web and video satellite feeds (can anyone say DGIV?) so one instructor can teach multiple locations. These centers will become the internet providers for people educated at our centers (now nobody steal our business plan....or I'll have to break your legs...jk...or am I?).
The point of my telling you this should be pretty obvious to someone as perspicacious as yourself. The use of the internet is only in its INFANCY. The Yahoos, Financial Intranet Networks (FNTN), PNLK,
DGIV's are going to be the micorsofts, dell's, amgen's of today and the IBm's,Gm's of yesterday. Obviously not all internet stocks can sustain their current valuations...most will crash and burn. This situation is directly analogous to where biotechs were in the early nineties. The companies that didn't have products in the pipeline (ie. no real potential earnings) rose and fell really quickly. I personally made a lot of money with Amgen because I knew about erythieprotein
(don't asked me to spell that one) being in the pipeline and was in pretty early. I loss some too on Ecogen, a company with a lot of products that couldn't and still haven't yet penetrated the conservative agriculture markets Fortunately, I made a lot more on biotechs then I've lost because I've stayed away from the ones that made promises to cure cancer yet were millions of dollars in debt.
Anyway, as you can probably tell I'm pretty optimistic about PNLK because it will provide real products that are unique and major sources of revenue and maximize the potential benefits of the internet in an economy predicated on trade.
Regarding the global economy, I'm going to make three recommend reads to everyone on this thread (sorry they are a little bit intellectual).
Since this post is already getting a bit lengthy, I won't get into the particulars of these recommendations and leave the readers to deduce their own conclusions.
"Head to Head" by Lester Thurow
"One World Ready or Not" by William Greider
"The Next American Frontier" by Robert Reich
Read any of these three works and you'll immediately understand the relevance and need for the services provided by PNLK.
One last thought on the coming age of the internet, internet2, and intranet- my father, who is in his early seventies, is on the net emailing me just about every day. When you become aware that my father was using a type writer (does everyone remember what they were?) less than two years ago, you begin to realize how expansive these services will become.
That's all.
ztect |
