To: Victor Lazlo who wrote (23147 ) 8/19/1999 11:28:00 PM From: James Simonick Respond to of 40688
Alright all you investment whiz's, got a question. Why do you think that 2 million share buy order was cancelled last week? I will suggest 2 possibilities. 1) The buyer changed his mind (within minutes?) 2) There are not enough free trading shares to fill the order How many people place an order and then get it cancelled after it posts on the board? Maybe it's time for the 'outside looking in' crowd to try real hard to get the best entry point possible. After all, a lot of the sells recently have been in the 100's of shares; small investors leaving, probably due somewhat to the fear of the unknown. Lots of folks booked right before the Jan '99 AT&T announcement, too. Too bad. But there are a lot of investors here that stick to this stock like a smell. I am one of them. I have been in at every rise, applied the Safetynet principle on 3 of them to a less than 5% degree, and have been able to accumulate because of those subsequently leaving. I like this stock too much. The only web page I have ever done is on PNLK research (which could probably help Tim after that 'insider selling' comment). The following are IMO comments. Could this company fail? Sure. Will it? Probably not. Could it be a huge success? Sure. Will it? Most likely. Why has PNL attracted and held the number and character of long term investors it has from 'the street'? What is the motivation behind the tenacity for this stock? It must be who the company is made of and what they are going to do and have done. I appreciate that Glenn occasionally takes the time to post. I used to look forward to it, but now not so much. Not cause I don't like him, but because the entire company has a double pot full of things to do, and I feel better knowing they are not unnecessarily distracted. I keep my contact to the company to an absolute minimum to avoid adding another call or letter to respond to. I think their time is that important, and only contact if I believe it is absolutely necessary. There are always forward looking unanswered questions, and I as well as many here have voiced concerns about capitalization of the company, a CFO, stock support and related issues. Now with the addition of LaForce and Stevens for additional manpower, a CFO hunt going on and reporting happening, I am quiet and waiting again. Will the 144's come out? Heck yes - eventually. When? Who knows. But I will state this as a final statement of fact. For over 10 months now, every week there have been more shares of PNLK bought out of the float. Bar none. Now tell me based on that fact alone, where do you think this thing going? I know what I think - for 17 months now. -Jim