I have struggled over whether to post here and have finally decided
to do so, to open a discussion (if so wanted) about PTEC.
Before I begin, a little backround, to set the tone.
I owned PTEC for years. My dad bought it for me when he was a broker
and I continued to hold it after he passed away. He bought it at
8 many years ago (can't remember how many.. but many).
I believed in this stock as it slowly climbed to 20 and continued to
believe in it as it slowly turned back and went down. Last year,
I sold half of the shares I owned at 16. I held on to the remaining
shares until recently, when I sold it to take the tax loss at 7.
I posted a note when I sold which some of you may remember.
I continue to follow this board, and I continue to watch PTEC. Not
necessarily to get back in, but because I hold a soft spot for it,
if anything, because it was a stock my father believed in until he
died 4 years ago. And it certainly did make me some money, so I hold
no ill will against it.
With that said..
I found that getting out of PTEC was like getting out of a bad
relationship. It's hard to do, because you had such high hopes
for it. But you finally realize it's not bringing anything to the table. It hasn't for years. You're doing all the work, and it's just sitting there. You love the idea of it, all the potential of it,
but it ain't doing nada and you're not happy.
So what do you do? 1) You can hang on just a little bit longer
because you believe it will finally "get it" and break out of the
monotony and heck, it's easier to stay in. 2) You get out, painful as it is, admit the mistake - learn from it, and look for a better relationship that will give back to you as much - if not more- than you put in.
After being out for two months, I'm happy I got out. I've moved on
and even - luckily - found that better relationship :)
If and when PTEC can prove that it has something to offer
that's better than other stocks out there, then perhaps I will
return. But PTEC has never been flashy, nor has it ever been loved
by Wall Street. And I think we have all seen what happens when Wall Street loves a stock.
So I open the discussion to all who got into PTEC at a price
higher than it's been for the past year: why do you stay in this relationship, when you have the option of getting out, making some strides with some other equities that are proven winners, and
certainly getting back in once PTEC starts proving itself?
I'm certainly not here to tell anyone else what to do, but I like
to see everyone succeed and it hurts to see PTEC do nothing.
I'd certainly like to see PTEC move north again. I'm just not sure
it's going to for a while. For those of you who continue to hold,
I hope it does. For others thinking about what to do, I hope this
offered some food for thought.
All IMHO of course,
Amy
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