To all on the thread...
1. It's been said before, but you should express sincere thanks to Janybird for her efforts to accumulate, post, and update what public information is available for CCSI;
2. You should also express sincere thanks to Skipard for his sharing his opinions on CCSI--obviously each person should do their own research, but you'd be a fool not to seriously consider Skipard's thoughts given his long involvement in CCSI (Skipard is not your "average Joe");
3. You should read and re-read Janybird's last post (#493)...and then read it again (specifically, the # of shares held by the CEO, the # sold and who sold them);
4. You should remind yourself of the total number of shares outstanding on CCSI and the size of the float--post those #'s above your monitor;
5. Take out your calculator and start adding up the number of shares owned by the CEO and other insiders; the number currently held by institutions; and the number held by significant individual investors (if you know who they are), and then stare at the figure that is left (hint...it's not a whole heck of alot);
6. As part of my own research, this past week I spoke to (a) CCSI's CEO; (b) managers of large institutional funds who already have substantial positions in CCSI; (c) individuals who have very substantial positions in CCSI; and (d) other "relevant" folks. No, I did not acquire any "inside" information so don't bother to ask. Everyone should do their own research, but I will say that in my opinion, I did not encounter any "red flags" or "concerns" that made me question my own personal investment (which is more than a few shares). I will be happy to pick up additional shares in the unlikely event the share price should drop as a result of any impatient folks choosing to exit.
7. If you mortgaged your house and sold your kids and put all those proceeds into CCSI thinking this is going to be the "big one", you may be right but you're an idiot. If you bought too much CCSI and now find that you need those funds for another purpose and are facing a loss from your entry, I'm sorry but that's your mistake for not managing your portfolio. If you are just losing patience and that's the reason for your wanting to exit now, you certainly have a curious investment style--this is not new, but if the reason for making the original investment hasn't changed, you should tell your impatience to take a hike.
8. Personally, given the few shares outstanding on CCSI, a large percentage of which are held by a relatively few (individuals and funds), I'd like to think we'll be watching a elephant chasing the small float when (and not if) significant news is announced. Yes, I am relying on the truthfulness of those I've visited with, but at this point I have no reason to doubt their veracity or credibility. There are no sure bets, but I like the odds on this one.
9. All of the above is my opinion. |
