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Microcap & Penny Stocks : PNET - XGAG Phon-Net

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To: Cammo who wrote (82)3/30/1999 5:36:00 PM
From: Jack Kennedy  Read Replies (2) of 262
 
I bailed out today at a loss on this one. Don't like what I am seeing on the trading nor do I think the product is as great as once thought. Further DD has convinced me of this.

This is nothing more than a glorified speed-dial button on a website. Plain and simple. With the fact that most people have two phone lines in their homes and cable modems will come to rule the industry along with wireless in less than 5 years, I think this product will lose relevance and fast. People invest in a company because they think the product or service is revolutionary or ground-breaking and will affect e-commerce or internet transacting/interacting for many years to come. This thing does not qualify IMVHO and therefore I doubt we'll see any major breakout here fast. If it does, beware of the "pump" machine because it will be in full gear.

Buyer Beware! (totally stupid of me to buy in the first place)
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