<I continue to wish there were someone on the thread to clue us in on what's really happening to cause the awesome decrease in market value. >
Phil, trying not to sound harsh, maybe that person is you. There is nothing to stop you from investigating companies that you hold share in. Start by calling them and speaking to management, not just IR. Look at the industry groups and go to meetings. Call comptitors and customers and investigate what makes the business tick and see if they have any advantages.
I am in Australia. I bought 200 shares because it seemed like an interesting play on the emerging wireless story. I have no special knowledge that is greater than yours. I saw the idea of MOJO as good, and thought that they seemed to have some growing alliances and customer base which looked good. I was also impressed by growth in revenues.
So, now the market hates these stocks. It's no ones fault. It will turn around, but if you paid $100, you might as well take your loss. Probably you'll have plenty of time to buy it back after you get the tax break and the market has reevaluated these companies.
Is it a buy today, that depends on your investigation of the business. People actually like to talk about what they are doing, and they respect people who take it on themselves to learn about the companies they invest in, or so I have found. I hope that all sounds friendly, because I don't say this as a put down on you.
Regards,
Mark |
