Joseph:
> Just because something is against the law does not mean it does
> not take place...
Well, in that case, sir, I submit to you that this is another proof
that xecm is an extremly dangerous stock and any second the same
thing that happened to companies such as Comparator Systems can
also happen to XECM!
> Now for Xecom. I do take offense to your statement, but you sound
> like an investor who has enough $ that the 10.00 price tags do not
> bother you. Myself, I would rather find a stock that can go to 10.00
> and higher because I can get more shares at less of a cost.
Doesnt investing mean anything anymore?! From the above
statement it sounds like you view stocks as commodities (such as
fruits,meat,etc.). Do you investment on the bases of how many
pounds of shares you can buy (e.g. 2 pounds of shares of XECM is
on sale for 70 cents, Today only!!).
I always thought investment is meant to be to make your money grow
while trying to preserve it (to the best of your capabilities). Sure
you can buy as many 'pound' (!!) as shares as you want for stocks
under $10 (and even more if they are under $1). But the chances of
those shares going up are far far less than if you invest your money in
a company that has a strong foundation. Now I am not saying that
there are absolutely no companies under $10 that do not have strong
foundations. But as a value investor I rather first see them make it
and then I will invest my money in them! To say that you rather buy
a stock that can go to $10 and higher because you can get more
shares at less of a cost is very naive. This is excatly what I meant
when I said a stock like XECM is a (with all do respect and is not
meant for you) a sucker's dream of getting rich quickly! But besides
that as I said I really dont have anything against XECM. But lets go by
the fundamentals of the company (such as its balance sheet, and
number of outstanding shares and the current price of around 70
cents/shr). If you really do your math you will see that XECM is
xtremly overvalued. Dont fundamentals of the company you invest in
mean anything anymore?! My point being (and it is just me and in my
humble opinion) people should not invest based on how many pounds
of shares they can get but they have to invest on the % of growth
their investment will see. Sure with $10,000 you probably can buy
around 150 shares of a company like US Robotics and you can buy
about 16000 shares of XECM. But I am confident the chances of
USRX going to $100/shr are far more than the chances of XECM to
go up to $1 within the next 4 months or so. So with a stock like USRX
you make about $6000 profit while with XECM you may not only make
any profit at all you may lose your money all together. And
perecentage wise on your $10000 investment in USRX you will have
a return of 60%. Sure if xecm goes to $5/shr your $10,000 investment
will be $50,000, and if it goes to $20/shr it will be about 2 million
dollars!! But then why dont you use your $10,000 and buy 10,000
California lottery tickets. Surely you would think one of those 10,000
lottery tickets will be the winning ticket for $4 million!
To me investment is different from gambling. If I want to gamble I
personally rather go to Las Vega (as I said before), at least I get a
few free drinks and have fun while gambling. If I want to invest I
rather put my money in a company like Intel, or US Robotics, or Sun.
The difference, sir, between gambling and investing is (and should
be) very obvious. But anyway I think this is just a different philosophy
that we all have when it comes to investing!
Anyway going back to the number of XECM shares shorted; Again I
am confident and guarantee you there is no way, I mean no way, that
anyone can short XECM. But for the sake of the argument lets
assume that you are correct and somehow illegally someone can
actually short XECM! Can I ask how much can you short and who
would you sell the shares to? The average daily volume of about
30,000 shares for XECM certainly does not show that a lot of shares
being shorted (i.e. who would you borrow the shares from and who
would you sell the shares to?)!!!!! Sir, trust me, there are no short
sellers for XECM (the stock is not visible enough for anyone to even
illegally as you state, short it!).
However I still would appreciate and would like to see the figures you
mentioned that can be published by the transfer agent.
Regards,
- Addi Jamshidi |
