Do whatever your comfort level is , Tom. If you still have doubts, no problem. At least you have some, should all of your concerns be addressed down the road.
There are people watching from the sidelines too,waiting for more details.
Myself, I buy in well before all information about a stock is given. I've been doing this for quite awhile, so maybe my tolerances are stronger than others. I know people want to be in on the beginning of something great. At times it is just hard to see what is coming.
Realize in 1989 people were saying Mircrosoft wouldn't make it, that apple was a superior computer and would soon become the computer of choice. Back then all of the me too companies showed up. Atari cam out with a computer they called the ST. A year later, Commodore came out with the amiga. Texas came out with a TI994A . A whole whack of companies that were going to bring Microsoft to it's knees.
In 1989 you could buy Microsoft at 1.50.
So now we have Pan American Bancorp.
It is two month old. It really has no track record. It has no financials to look at. So the number crunchers, have nothing to digest.
Here is where the rubber meets the road.
Do I buy now at these low low low prices based on the potential?
Or do I wait until November when the financials for PanAmerican will be out, and the number crunchers will have more to analyze.
By now at pennies, or later , when the price is higher?
Tough decision for most.
buy 500,000 at 3 cents or 50,000 at 30 cents....
I would have to say that for every one person that gets in before all of the ducks are in place, the guy who takes the chance at the pennies stage....
there are 5 to 10 , waiting for the 10Q in October for Pan Am.
I see nothing wrong with either approach.
I'd just rather buy the next Chase Manhatten at 2,3,4,5,6,7,8,9 cents, than wait until the price is higher, much higher. |
