tripps (guess u got the boot now), but fwiw, bragging about gains a stock is making has no relevance to our discussion yesterday. I never bashed you for buying the stock and even said good luck. Stocks go pie high on nothing if they have the right promoter or the right manipulation. How does that win an argument about the worth of a company?
My point yesterday was you wanted to talk about the company from a 'real' fundamental point of view, so I engaged discussions factually. No sane person would say this is fairly valued based on what the company has produced to date. It is WAY overvalued.
Make money on any runup, great, but don't marry a penny stock that has shown not one bit of evidence that it is executing the business plan. As I said, would you call selling 20 gels a day, a year after getting Tiger Woods and many many more stars to promote it, a success??
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-------------------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER What I post is an opinion only, by no means a professional opinion! I choose to put an emphasis on fundamentals, and even if something screams a buy, I've learned that the stock may not move just because the fundamentals say it's undervalued. If I post about a stock, it doesn't necessarily mean I hold shares - I often like to just discuss plays for the sake of conversation. This is a forum of discussion...for ideas - do you own DD and take responsibility for own trades. | |
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