To: woody who wrote (1220 ) 4/30/1998 1:13:00 AM From: Dave Gore Read Replies (3) | Respond to of 8242
I FIND IT AMAZING THE RESPONSES YOU GET! like this one in response to my earlier post.... "Dave, give me a break!!! I am really glad to see how caring and conscientious you have become for everyone to "protect" their money after you encouraged a dump, and then (self-admittedly) dumped yourself (after pumping this one so hard)." **************** OF course, nobody likes to hear anything in the least bit negative or even realist about a stock that they own....this guy was probably mad at himself for not selling yet or paying too much for the stock (i.e his expectations are too high and he is now nervous), as much as he was at me. I guess he wants me to keep pumping it forever...I won't do that. I never really "pump" anyway...I just strongly point out when a stock has almost NO downside risk and lots of potential. Remember what I said earlier last week? "PNLK has been basing near $1.00 it 52 week low, down from $5 plus, it's 52 week high. It is a great buy here at just over a dollar." Well, folks, it obviuosly isn't as great a buy anymore and the downside risk is much greater, so I can't recommend it at these levels with the same enthusiasm. Doesn't that make sense? PLUS, I didn't have to admit that I sold ALL my shares at $5.00. I thought that was pretty honest, so I figured I would get at least one post like the one above (and btw ONE post was all that I did get that was negative) Sometimes the truth hurts....I am not buying back the stock until I get back from vacation and do some more DD, because I cannot watch it at all Thursday or Friday, which was one of the other reasons I sold actually. But you can believe what you want. Hold on forever and you will probably be rewarded..I believe I said it would probably go to between $5-$10 in the next 6 months. I didn't think I was badmouthing at all, but when a stock does a 5-bagger, smart people will at least get their intial investment back. Also when a stock finishes at the low for the day, it is often not a good sign, although it does not automatically mean anything negative. What was so neat about Tuesday's close is that it hit $4.50 early, then went down and then finished strong at the close back to $4.50. Today was a different story. ANYWAY, bottom line: if you are not the type who worries when a stock drops for a day or two, hold, buy more and watch PNLK go to hopefully near $10 if all goes right in the next 6 months. But otherwise, all I was saying is that a stock that rises 500% is much more likely to go down short term and if I were you, I would do some serious DD on this stock right now...if nothing else it willl put your mind at ease. Don't let myself or anyone else tell you what to do. MY BEST GUESS? That this will drop a little more and then make a modest run back up. If it breakes through the old high, that is bullish, it it stops short of the last high today, that is probably bearish. Lower lows and lower highs is almost always bearish. GOOD LUCK...DAVE on vacation until Monday HAPPY TRADING....DAVE ( at Universal Studios bright and early tomorrow)