........."And so to our traditional "wild card". Pipex Communications, formerly known as GX Networks, is a telecoms company created by one of the entrepreneurs behind Ukbetting, Peter Dubens. It has been assembled from six smaller players. The ambitious company is generating cash for the first time but is still not widely followed in the City. It could be an undiscovered gem".
I've been holding these since mid-2003 when they were still GX Networks. I've seens this kind of movement so many times that it's simply not exciting any more. I'm just longing for the days when I could have sold at 12p.
Still, I originally bought in at about 4p and various buys and sells over the past year have given me a tidy profit out of these so my remaining holding is pretty much already paid for. I've recently trimmed my holding to put into more exciting ventures, such as COH and SEO.
Ho hum. One day it will surprise us all and take off. Personally I think this is going to be the year of VOIP and if Pipex can get their offering right then there's huge potential.
Nah, it'll just trickle down to the 8.75 level again and wait a couple of weeks before trying to get us excited again.
I pretty much ignore PXC. I've been holding it for over 18 months since it was GXN and am so used to it being there in my portfolio I can't bring myself to drop it. I'd always be worried that it might take off the following week!