To: WILLIAM I who wrote (300 ) 6/18/1998 2:46:00 PM From: J.M. Grindle Respond to of 40688
I wouldn't disagree that the price may fall to a dollar or less. However, I see this as an opportunity and not a disaster. I have returned from vacation to find two buy orders filled that I hadn't dreamed would fill. In reading some of the posts to SI I can see how some of the short term investors would be discouraged. They, I am sure, will continue to watch, and some comment on, the price of the stock, the lack of news, etal. I bought into this stock and the concept of the company when the price was 4.6++, saw it go to 8++ on no news, only to turn around and head "South". I have not changed my mind about the concept, I have faith that the people involved will turn in some good numbers over the next few months. This company has been compared to other internet stocks, however, my personal observations are that there are no other companies offering the products or services that Pnlk has indicated they will provide. It takes time for quality and the folks at PNLK have done a "HELL OF A JOB" in meeting the time lines we have been told about. Therefore, If the stock should drop to $1.00 or even $.50 per share, I will be expecting a phone call from my broker telling me that my buy orders have been filled. I look for the opportunity to lower my basis in this stock. I try to do so on a systematic basis by not committing 100% of my funds at any one price. It seems to have paid off this time. I hope that my future buys go unfilled but will be ready to celebrate if they do. I have committed myself to this stock for a much longer period than I usually do simply because I do feel this company has the jump on everyone else when it comes to import/export via the internet. This stock is one that gets shoved into the bottom drawer for a few months. Let this puppy have its day. IT WILL BARK AGAIN AND JUMP THE FENCE.... JM