To: Charles T. Russell who wrote (10080 ) 10/6/1998 5:24:00 PM From: Charliss Read Replies (2) | Respond to of 14347
Dear Charles, >> Earlier Charliss, you mentioned that you'd be dumping your stock if it ever hit .75. Are you still long?<< I never said "dumping." That is a crass term. Whether I buy, sell, hold, trade, short, invest long term or whatever, I do it seriously and soberly as I would perform any other kind of work that I love and respect. This means that oneupmanship, bragging, guile, posturing and playing games with others while communicating in an investment forum are things I avoid. However,I realize and accept that these things do exist in the marketplace, within forums whose original purpose was to offer a previously unavailable level field of participation, and simply often within the character of human nature. Like many others who also think this way, I do not take lightly the recent and rather negative turn of events concerning this stock. Frankly, there is much I am displeased with besides the price of the stock. However, I will get over it. There is much else in life. So, for your information, I am still in RNTK with all my shares, mostly bought at $1 or a little under. Even at that price, I am still "over invested" in terms of amount of shares, and the reason for this is because I am one of those who actually believed that news favorable to making a profit was on the near horizon. To be honest, I am not too concerned about RNTK a month from now or a year from now. I did not buy for those times. It has always been my plan to exit with profit and leave a modest investment behind me for the long term. I have been in and out of this stock since January, always leaving to put the money elsewhere and then returning at what I projected to be a propitious entry again. Over and over, I was wrong in my projections- but never in what I did with the money those times I was out. At this point I have lost about 25%, which is far and above by about 20% of what I would normally accept in my regular short term trades. I have decided to wait yet again, for a very, very short period, in the belief than I may soon recover a part of this loss-because of a favorable news release- at which point I will be gone once again with no trace of RNTK except as it exists on my watch list and the modest amount I will keep for the long term. Also, I am prepared for a little more loss in the next few days if need be. I will simply have to recover my losses then outside of RNTK, elsewhere. Fortunately, traders have this option, whereas the strictly long term investor is more limited in terms of recovery. At this point, I would be very hesitant to remain a long term investor in any stock right now, no matter how good its fundamentals. There is too much happening in our world today, and more yet to come tomorrow, that simply will not pay much heed to the fundamentals that under more moderate and less fearful circumstances would make long term investing a prudent move. However, anything can happen, and one is best prepared to change her mind within the space of a dime. Best, Charliss