To: James Simonick who wrote (17131 ) 4/25/1999 9:52:00 PM From: GreenKeeper Respond to of 40688
At first, I attributed last week's slide after the V3 launch to the common expectation that a follow up banking alliance was not announced as a one-two punch. Now I think it was just the vacuum created in the wake of our enthusiasm. All the early buyers who were going to buy, had done so. The on-the-news sell off was more radical than I expected, but was partly in response to the question: "what's next?". Predicting the V3 run-up was guaranteed, but predicting the next price level for our NEW company requires us to start at square 1 (or should I say 3.5), and 'guarantee' sustainable post launch success. Actually, my stomach hasn't settled down yet; but that was yesterweek and now I am looking forward to vigorous marketing, exciting announcements, and a new crop of investors. That much can be guaranteed, now that our product is real and the loose shares, as you point out, have been scarfed up. It will be much easier on the stomach to watch our 50 day moving average climb, than to worry about price spikes that become MM vapor trails. As far as banking goes, I believe there are many combinations of suppliers and customers and financial institutions that will be entwined in the web. No single portal can expect to serve all masters, but a lot of web-based supplier/customer/billing initiatives are underway that PNL may be able to tap into, perhaps as allies with the key financial institutions involved. Just look at the Internet Billing conference coming up in May, for a sampling of how HOT this sector is going to be:iqpc.com Internet Billing will be a key to opening tremendous new opportunities in customer care, one-to-one marketing, cross sells, and advertising. It may not be PNL's primary focus, but it will affect their customers' banks sooner or later. Looking Forward, GK