Jeff...and gentle reader Fred: Okay. This paranoia is spreading! I have tried to send this response 4 (four!) times now, and my server keeps shutting off. I'm absolutely positive it is a conspiracy!
I truly appreciated Fred's analysis of the dynamics of this thread and of this stock..he even sounds like a professional shrink. Hmmm. But the point, and the lessons for us (me, too) are 1) never bet the farm on one pony, and 2) always base investments heavily on strong fundamentals and little on word-of mouth. It is worth exactly what we pay for it and usually is of the same quality!
Most of us, including me, are here looking for info that we can not find, don't know how to evaluate, or for info we hope will at least look better than bad news we have already heard. Those who sit long hours pouring over dry data to reach the conclusions we seek are either already well paid and widely heard by big institutions or they wisely and deservedly keep their hard-earned info to themselves. The MAJORITY of us poor slobs are looking for handouts, tidbits, hopes...if the truth be told.
But enough of this. I'm really here to search for info on TIPIF. I'm a conservative investor with strong core holdings, dividends and re-investment plans...but I always reserve 15% to dabble in tiny companies with great R&D that hopefully will BENEFIT everyone. Remember Churchill Technologies? Great idea...I still want it to work. But I only bought 1000 shrs @ .75...a whopping $750 investment.
No pain, but an idea I want to see work. Same with Ecogen...safe agric. chemicals if memory serves. I thnk Monsanto bought most of it then it sort of dropped off the face of the earth. And now TIPIF...cheap printing for the masses, an idea I want to make it.
One last thought, If I may. I am defending the media in a back-handed way. My first degree was in Journalism. We learned to dig, to investigate, to be honest. Then when you go to work for MONEY, they teach you to hype, to stretch to SELL. Americans only want the headlines, not the last paragraph. But the basis of the story still has to be there. It ALWAYS is, unless you're reading the drugstore tabloids. And at $200 PRST was 650 P/E etc, etc. Jeff, I really do hope you hit the lottery with PRST, but I fear a strawman. I still won't touch. Meanwhile, let's all be looking for something better.
Best of luck.... |
