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To: Sai P. yandamuri who wrote (977)	8/14/1998 9:40:00 PM
From: ztect	Read Replies (1) \| Respond to of 40688

Sai, Since MMs will cover any increased interest with shorts until the interest subsides, unproven companies without much to report until they get their businesses functioning seem exceptionally susceptible to manipulation both on the way up and on the return trip down. PNL fits this scenario real well. To a certain degree with the frequency of press releases issued around the launch date, PNL seemed to become a bit enamored with all the attention it received. PNL also seems to have bought into some of the hype as demonstrated by the press releases made immediately after the launch. Whereas, in retrospect, PNL and their PR team should have done anything and everything to diminish expectations. If PNL's site was functional at launch time only in need of minor refinement, this would have done more than anything else to counteract the negative publicity it received prior to launch. Since the launch was merely a beta site at best, the launch played right into the shorters hands. The shorters "bet" correctly with their short positions that the site wouldn't deliver. Now as you noted, we are approaching another deadline and scenario with P2. Those who have shorted this stock are doing so again with the belief that P2 won't deliver. Many who got pulled in by the hype are in a position where they need P2.0 to deliver at least a site that will be usable for international trade. Now like any new product, P2.0 shouldn't be expected to be the end all of development. Like Adobe's 6.0 of something, or Autcadd 14, there should and will be most likely many further subsequents numbers or phases of improvements and upgrades. The shorts, however, are in a strong position because P2.0 has to deliver quite a bit to make the site functional including an improved, more useful, and user friendly data base. Again, if P2.0 does deliver and shorters have to cover and PNL will make a significant move especially since it may be defined as a "come back" stock. This is a gamble that may be worthy for traders to take especially if they realize and treat it as speculation. Now whether or not P2.0 delivers, and even prior to the "re-launch", this thread will be further inundated with the asinine comments from both sides either making exultations or damnations. As I noted before, many unwittingly participate in this whole endeavor out of shear emotion. These emotional and empty exchanges do nothing for or against the company, but they do stiffle any potential interest from any one reading threads for information as a starting point for an investment or trading decision. Thus rather than do any further DD, they lose interest and look elsewhere. Thus childish exchanges work in favor of shorters who wish to deter interest. Consequently, as a "conspiracy theory" the exulters may be working in tandem with the damners to thoroughly disgust anyone who is remotely interested in purchasing shares in this company or take a "gamble" on the P2 "re-launch". Having read many of the posts on this thread of late, I have to say I've been pretty disgusted and kept my mouth shut until recently. Any way, I'll get off my pulpit. As a suggestion for subsequent posts by others, an intelligent discusion of how or what the site has to do to function as a working tool would be worthwhile. z (spelling not checked)

To: Sai P. yandamuri who wrote (977)	8/14/1998 11:50:00 PM
From: Seal	Read Replies (3) \| Respond to of 40688

Sai, I read your post and found a lot of logic to it. I still feel that in a long term investment these are issues and decisions I chose to not make. In other words the "play of a stock" is for the day traders. I disagree on one point, the play in this stock may have dried out both with lack of interest, but also remember it has had a long way down. The room to short this stock may be gone. Even if P2 is pushed back or not what it delivers. You have a short side down. Not a good short unless the blocks are big. Thats where you come in. .50 looks good to you. .65 may look good to someone else. I suspect the smart money to a day trader is to look for an entry on the way back up, Sell then short. My question to you is your "gut" feel. Again in other words are you buying. To hold onto a stock like this after the first ride is kind of addictive. In your other posts you mention other stocks you have been playing. To look on the charts available for these, the ups and downs aren't as severe but they are there. We only look like geniuses if we buy and sell on the right side of the frenzy. Good luck on your entry point. I chose not to tread down, Hope to see all on the ride back.