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Gold/Mining/Energy : PYNG Technologies

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To: GWD who wrote (3844)	5/24/1999 9:15:00 PM
From: AriKirA	Read Replies (2) of 8117

Well since you asked, As mentioned in one of my earlier posts, I will most probably start reducing my holding in PYT come June. I know for a fact that a couple of the 'regulars' decided to reduce their holdings around the 2 area. Should've done same but was hoping and wishing that I was wrong in thinking that we would be faced with even longer delays ...... As a result, I will be selling into strength. I will consider it as a tax loss to reduce some of the gains generated from one of my other longs. Either way, I'm sure I'll more than make up for the PYT loss with my short term account. As to Edwards' report, I must admit he did a great job. However, it confirmed what most of us (us meaning a couple of posters who often interact via PMs or telephone calss) expected. MORE DELAYS. Mind you, management is probably doing the right thing by taking their time to finalize the product. Nevertheless, some of us get the impression that we were 'somewhat misled' (One can passively mislead another through silence although I consider the Marketing & Sales to Begin in 1998 tidbit on their website quite active) as to the time frame. The only thing that will help the price right now is a PR regarding sales. We won't be seeing that kind of a PR for a few (4-5) months. Add that to the penny summer blues and voilà a 1.25 price range. I seriously hope we won't reach said level, but things don't look very promising. FYI I will be buying back in come October/November. Kind Regards Ari

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