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Technology Stocks : Pacific Internet Next HOT IPO? -- Ignore unavailable to you. Want to Upgrade?


To: Belinda S. who wrote (636)5/4/1999 7:58:00 PM
From: Carolyn  Respond to of 912
 
It is not a loss until you sell at a loss. This one is a keeper - be long. Don't get discouraged.



To: Belinda S. who wrote (636)5/4/1999 10:37:00 PM
From: MarcG  Read Replies (1) | Respond to of 912
 
Belinda, Sorry to hear of your misfortune in timing this one. Even the granddaddy of ISP's, AOL, is taking its lumps these days as nearly 50 points have been clipped from its wings. The only one in this sector I like right now is little, unknown, INTR, Interactive Technologies.com.



To: Belinda S. who wrote (636)5/4/1999 11:59:00 PM
From: patchman  Respond to of 912
 
Belinda, I once owned 1000 shares at 39 and thought it was a high price. I sold at 42 or something and the price rose to 104 during the next two weeks. A 30 to 40% retracement is not the end of the world for this stock. PCNTF has a very, very small float. If one or two funds decided to realign their portfolio to include fewer internets, this is what happens. Asian mutual funds are leading the pack and this stock will rebound. I've checked Dow Jones and Edgar and there is no bad news. I'm betting on 80+ again in a week. I'm long at 65 38 for 1.5K shares.



To: Belinda S. who wrote (636)5/5/1999 9:06:00 AM
From: Herc  Read Replies (1) | Respond to of 912
 
I got cutesy with PCNTF trying to trade in and out and missed the last runup from 75 to 104. I am holding onto it now.
Also, I posted this earlier. Paul Allen sold his 25% stake in AOL for $80 million in 1994. If he had held on, it would have been worth $40+ billion. And Asian economies will be growing quicker than ours with expanding political and economic freedoms PLUS one billion peoplee in China alone.