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To: The Flying Crane who wrote (569)8/4/1998 5:35:00 PM
From: xyz  Respond to of 40688
 
Just wanted to comment that the term for a new company without any products or sales yet is "a startup" company. I have personally worked at two of these organizations and they are kind of like the roller coaster of PNLK's stock price.

Interesting.



To: The Flying Crane who wrote (569)8/4/1998 5:39:00 PM
From: Rudy  Read Replies (1) | Respond to of 40688
 
Hello Mr. Patience:

First of all I like to thank you for your intention to contribute to the discussion with a detailed post. It is very hard to come across to opinions supported by a detailed explanation on this thread.

There is truth to what you say about up-start companies. However it really does not change the rule "cut your loss quick". Look I made a round trip with this pup 4-8-4. Do you think buy cutting it at 4, I made a mistake? Today one time the bid was as low as 63/64!! That is 75% down from where I sold and 88% down from my top with PNLK!!! Considering a stock can go down at the most 100% these numbers prove that indeed I made the right decision by cutting PNLK. Does it mean that I do not support the concept? No! I usually follow technicals rather than fundamentals. Tecnicals for PNLK does not look good. Above all that, some shady characters on this thread convinced me more that I did the right thing.

Now, you say one can miss the blast off. From here to 4 it hast to blast off 300%. Do you think I cannot jump on the train from here to 4 if I want to? There is no chance! If news come, technicals turn, buy volume picks up, if I get convinced that the phase-2 is a valuable product which can generate revenues, trust me I can still buy lot cheaper than 4. Now am I sitting better than the guy who hold it thru all this down to 1? I sure am. I am also sitting worse than the smarter guy who sold it at or around 8. I'll never forget that mistake I made. Partly because of all this hot air and hype on this thread. I admit. And I believe lots of others sit and still sitting tight because of the hype. Only thing saved me not incuring big losses is that I stuck with my rule.

Anyway, enough said. I sincerely hope the company delivers as promised. As you see I still follow it. That shows that I have some hope. I can catch the train at a lot lower price than you paid for if it ever moves.

Good luck.