Sai,
Since you are new to this thread, I wouldn't expect you to know how long I have been an active participant but since you asked, I purchased PNLK in April and have been participating since then. If you had looked at my profile, you would see that I have been a 'long-term' poster. During the lull, I have chosen to be selective in my posts waiting instead to see the next phase of ProNet as speculation is the only arena for comment at this time. I have 'been there and done that' as the old tired proverbial saying goes. The many other long-term posters and I are well acquainted with each other...
In response to your question as to why I am long-term..
This is a subject I have covered ad nauseum in previous posts but I will explain again..
"Long-term' is a time threshold which has a different meaning for each individual...I have an extensive portfolio of many blue chip as well as internet companies. Companies that have stable management, viable product, and steady stream of revenue are one reason to be bullish. On the otherhand, internet companies, the successful ones to date, although not having revenue,(some are just now reporting profits)..meet my other criteria to hang onto them. I am not a daytrader, nor have the time or hindsight to move in and out daily, weekly and profit on the wave of up and down momentum.
PNLK is my only BB stock and I purchased it because management has a unique vision and no competition to date..It is by far, my most speculative play, and I know that from a software and development aspect(which I have some knowledge) that it will take time to come up with a functional website. Because of its unique nature, and the respected backgrounds of all the players involved, I feel it is worth holding through the different phases. There are very few stocks of this nature where the price is this attractive, especially in the internet arena..and if PNLK were to never get off the ground, I have not invested money I can't recoup from my other long term holdings.
Long term from my standpoint depends on the management and direction of the company...when PNLK changed to Rare Medium, I looked at that as being a positive long-term decision...
Anyway I could go on and on but I won't bore you or the other readers anymore...Hope I answered all your questions...you are welcome to PM me if you are still curious.... |
