MAKAMAI,
My only point is that investors in high risk stocks like SYD should not take everything at face value. Enthusiasm is essential, but it doesn't hurt to dig a little deeper and ask some important questions.
My alarm bells started going off when I read all the SYD press releases for the past 6 months and found a startling similarity to the pattern of penny mining promotions. Lots of hype, "read between the lines", rumors and "implied" expectations, "anticipated" results, etc., but no real solid, tangible financial results.
Then I noticed that SYD's Internet PR (spin) firm, AGORA, is the same that Jim Speros used at Mirandor Explorations, a penny gold mining promotion that he ran for 2 years prior to joining SYD.
daisy.lino.com
www4.techstocks.com
www4.techstocks.com
www4.techstocks.com
While SYD has attracted some "name" executives, I not convinced that their experience, connections, knowledge, abilities and track records are necessarily the right fit with the high-tech SYD software market and its potential. Do they have the vision & fire in their bellies that SYD needs.
The other great success stories like Dell, Microsoft, Cisco, etc, were started and run by young, aggressive entrepreneurs who live and breathe their products, technologies and their markets, and they didn't spend their company's formative years and re$ources publicly promoting their stocks.
They delivered excellent products and services first, got some earnings, hired exceptional talent with "fire in their bellies" to sustain the growth and then went public. IMHO, SYD is attempting the reverse much along the paradigm of stock promotions.
If SYD truly is a great and well managed company and the products are world class, it will prove itself without the hype. Once I see a little more substance to back up the press releases , I'll likely get in and possibly make a decent return, but it's a little too early for me right now.
I didn't get into Dell, MSFT and CISCO on the ground floor, but I have done very well with them, regardless.
I feel that investors need to exercise a little caution and cynicism, especially in the internet arena today....too many "$tar$truck & naive investors are ripe for the picking.
JMHO,
regards,
WBC
P.S. This is definitely my last post on this thread for a while. I felt that I had to respond to your post. I will continue lurking and will post if & when I go long on SYD. |
