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Strategies & Market Trends : 50% Gains Investing

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To: David Smith who wrote (15752)2/13/2000 4:25:00 PM
From: Dale BakerRead Replies (1) of 118717
 
Gee, David, thanks for the lecture. Nice of you to share your insight with us.

Please try to be more condescending about your favorite microcap next time.

Just to fill you in, I co-manage a fund with 20% of its assets in CRM companies. INAI isn't one of them because it is a tiny speculative play. If it makes you a fortune, that's great. But the majority of their revenue comes from low-margin contract services, not software. Software sales went from $1 million to $2 million. Big deal. Call it a 100% increase but is still peanuts in a highly competitive field.

Strike one. Try not to get so obsessed over one little stock.

That's my SPECIFIC advice for you tonight.

BTW, most institutions won't touch a stock under $10. One of the bigger myths on Internet chat boards about microcap investing is that they swoop on anything over $3 that goes up. Institutional holdings in INAI are minimal (http://biz.yahoo.com/p/i/inai.html)and not exactly Peter Lynch-caliber (http://biz.yahoo.com/hd/i/inai.html).

Finally, Skippy, let's take a look at NSATF. Hmmm, seems like 6-month revenues in early 1999 were C$23.5 million while the next 3 months were $19,275,000. If I annualize the September quarter I get almost $80 million compared to only $47 million annualized from the first six months. biz.yahoo.com

Last time I checked that was top line growth.

You lose your bet.
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