Dave, I currently hold no position in Xecom, but I am thinking about getting in. I know that is easy to say, especially when I made out nice the last time. The last time, however, my position was at $1.125. Obviously well above current levels. I am a penny stock player, and make a pretty good living do it. But now part of my portfolio is tied up for what I hope is only a couple of more weeks as I wait for some numbers and news on other stocks.
As for Xecom's future, it appears, and I say appears because we need to see some numbers, that they are moving in the direction they intend. I think Joe Lanza has learned much from his debacles in Maesa, Exten, and AT&D, but I have yet to see him succeed from beginning to end. I like Joe and perhaps the original Maesa and Exten losses were as much my fault for jumping in too soon. They were my first try at this, but they did not sour me on Pennies. They made me work harder, and as I have said, I have done very well since.
But Joe knows that he too kept believing what people were telling him instead of finding things out for himself. That is perhaps the biggest difference this time around. I do know that he knows what this company is doing and watches it closely. I hope that he is patient and remains diligent and involved.
Still, this stock has a good resistance down in the 60s. One question I have is what is Sprint's involvement? They are not in this for free and I am sure they control a lot of the dollars.
As I said, I think these are good levels. I hope to get in at less than a dollar in March. I will let you know when I do and at what levels.
Good luck and regards,
Dan |
