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KeepingtheFaith, I think it's just the sector rotation,

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Go_Stocks   Thursday, 09/01/05 05:14:11 AM
Re: KeepingtheFaith3 post# 24
Post # of 70 
KeepingtheFaith, I think it's just the sector rotation, the networking technology sector is out of favor, hot money flows to oil and energy stocks. Look at the oil and alternative energy stocks, they're all at 52 weeks high.

This is just the opposite of the the year of 1999 or 2000. At that time, the oil stocks were trading at 52 weeks low and networking technology stocks were trading at 52 weeks high. A stock like PFNH in 1999 or 2000 could trade at $20 or higher. AVNX or LUMM were some examples. If you traded stocks in 1999-2000, most of you know these two stocks. This PFNH has much better prospects than AVNX or LUMM were in the year of 2000. LUMM never made a penny of revenue, but the stock went from 0.20 to $50, AVNX had $1-2 mil revenue and was IPOed at $450, the crazy days of networking sector.

I called them and wanted to ask them why no signficant contract news, they mentioned the CEO is in China works on deals/contracts. I think by this weekend, the CEO should be back. If you have specific questions, let me know, I can give them another call today, but I am afraid they won't give any detailed info to the public before formal PRs.





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