Stephen: BGST, one possibility; "If you build a better mousetrap, the world will beat a path to your door." But, the world's gotta KNOW that you've built a better mousetrap.
Example: There was a time, many moons ago, when technical analysis was an extraordinary tool, but very few knew about it. Over time, more and more investors, funds, major wire-houses KNEW about T/A, and it "took off". Example: The first internet plays, AOL, AMZN, YHOO languished until more and more investors came to KNOW that it was a better mousetrap. Example: Last year NITE and several on-line brokers were better mousetraps. But until enough investors caught on, the stocks did little. Conclusion: Those who first identify something extraordinary, those who are "early" gotta be patient...until the investing world catches
up. I recall last year building a position in NITE. I understood and believed strongly in the story; felt that NITE was on the edge of an earnings explosion. But the stock languished. When, finally, the story "took" and CEO Pasternak was interviewed on CNBC and one outfit after another began to cover and recommend NITE, the stock took off. But the story they spouted at 60, 80, 100 (pre-split) was the same story
the "early-ons" knew when the stock was 20-30. If you feel strongly about BGST hang in boobeleh, hang in. (Lee) |
