Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Phoenix Technologies (PTEC) -- Ignore unavailable to you. Want to Upgrade?

To: Theo Karantsalis who wrote (2985)	12/30/1998 1:16:00 AM
From: Amy Feller	Read Replies (3) \| Respond to of 3624

I have struggled over whether to post here and have finally decided to do so, to open a discussion (if so wanted) about PTEC. Before I begin, a little backround, to set the tone. I owned PTEC for years. My dad bought it for me when he was a broker and I continued to hold it after he passed away. He bought it at 8 many years ago (can't remember how many.. but many). I believed in this stock as it slowly climbed to 20 and continued to believe in it as it slowly turned back and went down. Last year, I sold half of the shares I owned at 16. I held on to the remaining shares until recently, when I sold it to take the tax loss at 7. I posted a note when I sold which some of you may remember. I continue to follow this board, and I continue to watch PTEC. Not necessarily to get back in, but because I hold a soft spot for it, if anything, because it was a stock my father believed in until he died 4 years ago. And it certainly did make me some money, so I hold no ill will against it. With that said.. I found that getting out of PTEC was like getting out of a bad relationship. It's hard to do, because you had such high hopes for it. But you finally realize it's not bringing anything to the table. It hasn't for years. You're doing all the work, and it's just sitting there. You love the idea of it, all the potential of it, but it ain't doing nada and you're not happy. So what do you do? 1) You can hang on just a little bit longer because you believe it will finally "get it" and break out of the monotony and heck, it's easier to stay in. 2) You get out, painful as it is, admit the mistake - learn from it, and look for a better relationship that will give back to you as much - if not more- than you put in. After being out for two months, I'm happy I got out. I've moved on and even - luckily - found that better relationship :) If and when PTEC can prove that it has something to offer that's better than other stocks out there, then perhaps I will return. But PTEC has never been flashy, nor has it ever been loved by Wall Street. And I think we have all seen what happens when Wall Street loves a stock. So I open the discussion to all who got into PTEC at a price higher than it's been for the past year: why do you stay in this relationship, when you have the option of getting out, making some strides with some other equities that are proven winners, and certainly getting back in once PTEC starts proving itself? I'm certainly not here to tell anyone else what to do, but I like to see everyone succeed and it hurts to see PTEC do nothing. I'd certainly like to see PTEC move north again. I'm just not sure it's going to for a while. For those of you who continue to hold, I hope it does. For others thinking about what to do, I hope this offered some food for thought. All IMHO of course, Amy