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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Edward W. Richmond who wrote (4078)7/2/1999 3:30:00 PM
From: HotShot1  Respond to of 8117
 
My sentiments towards the company is mixed, so you'll have to excuse my apparent pessimistic postings. A lot of people overpaid for the stock, including myself. However, I have accepted the fact that I won't recover my initial investment for a few years. But that's alright, as I bought for the long-term anyways. However, I don't like the fact that people are still overpaying for the stock. Mind you, who really knows the true value at this time? All I can say is that the bid side looks very weak, and knowing that decent sales won't be prevalent until next year (irrespective of what management would like you to believe), I can't see this stock maintaining the current level for the next 6-7 months. I'm just looking at the situation in a realistic manner. If the stock is sitting at $1.50 come next summer than that's fine. If it's sitting at $1.00, then that's also okay. All I'm saying is that you shouldn't get your hopes up for strong sales this year and in turn a higher stock price. I will go on record as saying that this company won't sell more than 300-500 units tops ($30,000-$50,000) between now and next summer. If they do, then great, as I'm losing a lot on the stock right now.