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Technology Stocks : GWRX Leader in Smart Phone Market
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To: Forrest Coile who wrote (832)12/9/1999 10:08:00 PM
From: N. Saliba  Read Replies (2) of 960
 
I actually made money on this one after such a long ordeal. This stock sure was a huge lesson and I think I put the most effort researching a company ever, although at the end my work really dried up and my enthusiasm really died but I kept a close look at the situation. Now I am all out and satisfied. The big reason I sold half way back is because of the company's change course of business, and I remember telling them (I.R.) that this change might just flop just like the previous many changes, and at the time I really gave-up on this one.

Now maybe things are better and I tend to belief their electronic coupon has some good potential. This run-up has to do a lot with that potential and my point is that, this potential is already discounted in the price or maybe partially discounted. I chose to exit and be happy with a double within a week which was a double within a month or so.

My biggest lesson of all from this is to keep the faith and the sense of discipline, if you think and believe in it then stick to it and you will be rewarded. Before this one I used to chase high flying stocks catching the tail end of their run, now I think of myself as a value investor more so a growth one. Look at the cash position and at the burn rate and check if every body is mowning and growning about the stock and discover that an entry is about right. PCTL was dying and everyone was disgusted when I bought at 3+ and within a month I have 50% gain, and I do have few others like this. Also growth is still a big target for me, but it has to be at a discount price or I don't care about buying.

I felt like sharing some of my views since I posted just about 75% of all posts on this thread.

Happy investing to everyone and wish all great returns and potential to everyone,it has been great year for me and wish the same for all.

I might jump back in this one (if the price is at a discount!!)

N. Saliba
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