To: Sai P. yandamuri who wrote (1007 ) 8/16/1998 8:42:00 PM From: terri acey Read Replies (2) | Respond to of 40688
Sai, This is a post I wrote back in early August re: being Long- term and why... "Sure, most of us are sitting on a loss and I for one won't sell, even if it goes to a few cents. I followed this stock months ago when it was below a dollar . I think alot of things can be said in hindsight and even my friends said to sell when it went to 6 and I didn't. They also said to sell XCIT when I bought it for 36 and watched it drop to the low 20's a month later. I since watched it fly to over 90 and then split. Now I have double the shares at just a little over my initial investment. Do I call this hindsight?( that I didn't sell and cut my losses, knowing it was a company of the future with no earnings even to date.),,, No I call it Long-term investing...holding during the ups and downs because you believe in the concept, management and the future potential... Nothing has changed with PNLK..They still have the same vision, the same management and PR team. Yes, they changed from one well respected web building company for another but this shows me their determination and drive to meet their needs and deadlines even if it causes consternation amongst investors. They have listened to input from their trial customers and faced questions head on from critical posters. They issued a lock up on restricted shares. It again shows me good faith in their commitment to their investors. I think many of us invested in PNLK because we believe in the awesome potential of the global aspects of the internet...Yes, many companies will fail, PNLK has no other competitor, they have a head start and have the experience to make it work... For those that think it will fail and have nothing constructive to say, I say move on to stocks you are interested in... During this interim period, the stock will move downwards while everyone waits...it will be the investors who believe in the company and don't watch every buy and sell, every uptick and downtick ..and even after Phase 2 comes out, there will be a phase 3 and 4 ; as the company will continue with their commitment to upgrade and add enhancements such as video-conferencing etc. There will always be the naysayers however, this is the American way... None of us can predict the future , if PNLK were to fail, I will still have a roof over my head. There is some merit to the saying , risk equals the reward, and for me, PNLK is worth the risk......" Another advantage of investing in a stock of this nature is the affordability of purchasing alot of shares...in the event this company becomes successful, you can sell some shares for a profit but hang onto the rest for a 'rainy day' in the future...so many quality stocks are too costly and require alot of capital unless you are playing options..which is another ball game all together.. Unless something drastic happens with management, Long-term for me in this company definitely is more than a year...It will take at least that and more with all their many phases to continue to improve and become a major global player on the internet.. I will say this, and without sounding like 'hype', this stock has the capability of moving quickly..For all the interest you have expressed lately in ProNet, I am surprised you don't feel that getting in under a dollar is worth the risk... A special hello to Idaho Pete, Malko,Warren, Ztect,Dixie,Salmonman, LuckyLady, Dr Epstein, Peter Mui,Mr Patience ,Seal, Buche, Lane Hall-Witt, Carol and many others whose posts I have found educational, inspiring,insightful these past few months....