Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Brady B. who wrote (1204)	5/12/1998 11:04:00 PM
From: Chris O'Keefe	Read Replies (1) \| Respond to of 4783

I'm finally going to come out of the shadows and reveal my jittery self. I bought PKGP on May 7 and so far every day has been like following an extraordinarily well done drama or soap opera. I'm obsessed with this stock and its story. I can't get out of my mind the thought (fantasy?) that I could be invested in a summertime $1 home run. (Even if it doesn't happen, I must say I'm sure getting a lot of entertainment value for my money.) I studied this board a lot before buying and haven't missed reading a single post since I took the plunge. I think the main reason I went for it was Jim B. When I see hype, which is what I thought Jim was doing at first, it's usually shout-and-run. "STOCK XYZ IS GOING TO THE MOON!!!" etc. with no down-to-earth feel and no real sense that the author wants to be accountable. I thought about Jim's posts a lot before purchasing. Here's a guy who wants to be well liked on the web, who wants to have "Jim B" represent something positive in the SI environment. Here he is time and time again putting his reputation on the line touting a stock that would appear to be way too risky: Huge debt, no known hope (i.e., no press releases to dispel the doubt) and under a cloud of bankruptcy. His faith in the company was just extraordinary, and that was a big factor in my eventual decision to buy stock in PKGP. Then, the other day, Tim Luke posted about the PKGP secretary laughing when asked if the company was going bankrupt (her answer, of course, was no). It seems to me that the woman was either a.) genuine or b.) a talented liar who, without need was adding a laugh to a line she has been forced by management to give out to investors. Choice a., obviously, strikes me as more likely. Finally, you have the press release from today. No doubt that PKGP is still a risk, but once again, we seem to have two clear choices: a.) the company has a lot of good things going on and the future looks bright or b.) the company is pure evil, putting out press releases to torture us because such lightweight fare is not highly advantageous to them if they know they are headed for the grave (that is, if they were truly stuffed hay liars, they could have come up with better hype than a name change). Anyway, I don't know if anyone reading this sees it the same way I do (because I'm not doing any technical analysis, just making decisions based on my views of human nature) but to me it is obvious this baby is a four-bagger. If all of these signs I'm seeing don't lead to a .20-.25/share stock I will be shocked. In my mind, selling at .20 will be a slight disappointment. Selling at a $1 or more is the high end of the dream spectrum. It occurs to me as I think about PKGP that some of you stand to become millionaires if PKGP goes to a dollar. Or if not millionaires than "quarter-millionaires," which is incredible to me. It's such a pie-in-the-sky vision that I really have to wonder if I'm deluded on this whole thing. Then, all I have to think about is BAAT which went from .08 to 3.25 in 4.8 weeks (Jan. 2 - Feb. 5). It is rare, but a breathtaking surge by PKGP would not be unprecedented. Other stories of inspiration: WAST went from .375 to $3.28 in 3.1 weeks (Feb. 3 - Feb. 25) DGIV went from about .50 to $7.25 in 5.7 weeks (Mar. 13 - Apr. 22) SURG went from .25 to over $3 in 6 weeks (Mar. 12 - April 23) I've probably written too much here, but you can see how into this stock I am. If I go broke on this baby, I'm going to be like Walter Houston in "Treasure of the Sierra Madre"--laughing my head off as all my riches (gold dust in the movie) blow into the wind. Take care all, Chris O'Keefe