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Microcap & Penny Stocks : Phoenix Information Systems
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To: Gary E. Johnson who wrote (7)1/15/1997 9:32:00 AM
From: Bill Fischofer   of 98
 
PHXS Perspective

A bit of perspective from someone who's owned PHXS for about three years now. It is important to understand that PHXS is essentially a development stage company. While it is true that it has enormous potential, the way to play that potential is to take a stake you can be very patient with. When I first got into PHXS I figured that it would probably take five or more years for it to get moving, and we seem to be tracking to that sort of timetable.

The upside to this is that there is no urgency to "get into" PHXS. This is not a "hot stock" and is unlikely to become one anytime soon. The patient investor will use this time to focus on other things, or perhaps to gradually purchase PHXS shares a bit at a time. But don't go overboard with this one. PHXS, like similar speculative investments, should represent only a few percent of your overall portfolio. Remember that the beauty of these sort of companies is that you don't need to bet big to win big. You just need to be very patient.
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