I appreciate your good thought on my comments. But I have to decline the 'different class' status and prefer to be simply called a long-term investor. I am just a simple person who believed in the potential of PNL and wishes everyone who invest make money regardless of their strategies they use. Below are my responses:
I usually trade stocks (especially small cap) on a short term basis. That being anywhere from 1 day to 1 year. My only longterm holdings are my mutual funds and they are in my retirement account.
Do you realize that your bigger winner may be your mutual funds in your retirement account? I remember reading a WSJ article mentioning that the people who continued to contribute to their 401K plan came out as the bigger winner in term of return in their portfolio. IMHO, trading short-term is difficult as best especially if you have a full time job. Only a small percentage of the professional traders do very well in this area. I wish you best of luck.
After doing my DD on both WINR & PNLK, I chose WINR as I see WINR having more upside potential in the next few weeks over PNLK.
Again, I have no qualm about your decision to choose WINR over PNLK. Since you are talking about the next few weeks, I really have no opinion on your call on WINR except to wish you good luck on your venture. I am quite content to just sit and wait for PNL management to follow up on their business plan.
I agree with you that anybody can guess about future stock prices. However atleast for the record, I have given a target price on AETI and the time duration. You can certainly comment about this if my predictions go wrong. But NO ONE on this thread responded to me with a target price on PNLK.
You can be assured that I will not comment on your prediction of AETI because it doesn't matter that you are wrong or correct. Trading to make money is difficult business and I take no pleasure in seeing people get hurt or lose money. Since I don't possess a crystal ball that can foresee future, any price target on PNLK is meaningless to me for short-term purpose. My long-term prediction is that businesses will use PNL's service because it offers them convenience. And with that said, PNLK price will depend on the number of subscribers signing up in the future.
I certainly like PNLK's concept. That's why I have been showing interest in this stock and would like management to do a better job than what they are doing now to attract NEW investors. I can give a detailed list of PNLK management's failures so far, if you wish.
My main concern is that management in PNL does a GREAT JOB in building its business to attract SUBSCRIBERS, not new investors. Once subscribers start signing up, new investors will come. Believe me, new investors will come BIG TIME if subscribers signs up en masse!
PNLK made Wall street beleive it had a successful initial launching of its WEB site and its PR (including the president of PNLK) made unrealist comments about signing of corporate members over the weekend, the demand for their Import/Export Web tool etc. with a series of press releases and all this HYPE made the stock go upto $8.
I don't recall PNL management making any unrealistic comments about sign-up over the weekend. But in any event, the whole episode surrounding the launching of the website was an example of powerful emotion at play. It was totally out of anyone control at that time. No one foresaw the price would go up at high at 8 in such a short time. Even the MMs! No one could be blamed because we were all human and not robot.
Without having their website FULLY OPERATIONAL, they should not have HYPED this much. Traders of PNLK got used to this kind of Publicity. In my openion, PNLK should have waited before releasing all the promising news until their website development has become fully operational. Instead, their management did not want the street to lose focus on their company. But Unfortunately, PNLK's management did not backup their statements in a timely manner and the result is what we are seeing in its stock price.
I have to disagree on the part of management's intention. All management did was to announce new partners that joined PNL at the times. Even in the PNL thread, it was common knowledge that the two partners, Unz & Co and Royal Impressions, would not be included during the launching of the website. That it would take some times before they will become part of the site. Alas, it took LONGER than expected. Therefore, currently the PNLK price reflected that disappointment. Although there are some out there who may disagree, I see it at an opportunity to buy some more.
A startup company like PNLK can not afford to make these PR blunders and by the time they realized that their PR HYPE was going too far than the ACTUAL Website development, It was too late.
IMHO, it wasn't the PR HYPE that went too far, it was the emotion sparked by KTEL that went too far. The PR was only the trampoline that traders used to bounce off to a higher plateau. Because of the perception of the so-called PR blunders, management decides to wait until the phase 2 is completed before issuing any substantial news. I always respect people or management who can learn from past mistake. I don't think it is fair to condemn management of not releasing news after what they learned back in May. My gut feeling tells me that the second round will be enormous. Since I don't have a crystal ball, my guess is just as good as yours.
So far the PNLK management's failed to execute their business plan on a timely basis. It is rather SAD to see such a BAD management for such a GREAT concept.
There are already many great posts from experienced professionals explaining why project in the magnitude of PNL's website is difficult to finish by a targeted deadline. I don't see it as management failure. I see this as part of being in the real world. And it is your opinion that PNL management is bad. However, I like the part you said about GREAT concept.
Prosperity to all!
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