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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: Malko who wrote (3656)10/15/1998 10:08:00 PM
From: Victor Lazlo  Read Replies (1) of 40688
 
To all:

PNLK stock IMO will not be at these prices for long. But on the first run up, I thought it would go another couple of points to 10 or so, so I held all. But as it began to descend fast, I realized the party was over, and I ended up selling all for about 120% profit. If I had not, I would be sitting on a 35% loss right now. So then I got back in with a smaller stake at around $2.50 Right now I am thinking about adding a few more shares.

But- my free advice for all:

Know your sell point. Set a target or two or three,
and STICK TO YOUR PLAN!!

If you think you want to ride this one to the sky, maybe you want to plan to sell half or 30% or 40% of your holdings when it triples from here, and hold the rest? This is what I may do.

My advice costs you nothing, and that is about what it is worth. But let's not forget how many folks around here are in the red, including me (on the 2nd go-round only)on PNLK. And no amount of future PNLK potential will change the fact, for some of us and our families, that we are now in the red on this one.

This one could take another wild ride up, then fizzle again; then again it could go to 15 or 20 on a string of good news and cooperation from the overall small cap stock market; nobody really knows.

What I do know is that selling portions of one's holdings profitably on a steep rise in the stock is no vice; and holding all shares to the bitter end is no virtue.

Just food for thought. I welcome your thoughts on "selling strategies" and I wish the best of returns to you all!

Victor
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