another view from an insp long who prefers to remain anonymous....but interesting points, nonetheless :
Paul Allen still owns over 22 million shares? Fidelity, T Rowe Price, Prudential and AIM Mutual Funds all been increasing their positions? --this is verifiable with SEC filings....A lot of institutions have shorted INSP and made a bundle and they are taking time to unwind their positions...the MM are assisting and they continue to scoop up CHEAP shares from the nervous retail investors...The INSP CEO bought 500,000 shares in the last month at $4/share? He didn't have to -- heck he's a billionaire....Most CEOs (of firms like BRCD, SEBL and ORCL) have been doing some AGGRESSIVE selling....I think INSP is in a very strategic position for the future of the broadband and wireless rollout worldwide. I know the INSP bet is a risk but I'm willing to take it
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Anyway Ed, lots of opinions....lets just wait and see what happens over the long haul....to be quite frank, I like the potential so much, I wouldn't mind it dropping to $1...I will buy more. I certainly wont make it a huge % of my holdings, but I like have some gambles with potential mixed in there.....I can give you a list of about 10 stocks I used to be in/trade....all have gone from $100 - $200 to between .06 ( etoys<ggg>...and to think I was mad getting in at $60ish and out at $80ish when it continued to run )and $5 a share.....most all of these are losers....not making money, probably never will...not even close to the potential I feel insp has....yet I have done pretty well trading them. These "cheap" shares are pretty volatile....I dont expect many of them to do much, but I have several positions that I am holding that my cost basis is now zero, due to a tad bit of trading....so i'll let them sit....as far as insp goes, as I said, everybody has an opinion. I do agree with you in that it is speculative, what I don't agree with you on is the fact that I see potential, while you see only what has transpired to date and are therfor negative due to lack of earnings ibd rating and etc, etc.....like I said no biggie.....lets chat down the road and see what happens...I may just hold my position, or I may trade in and out of it a little bit based on what it and the marlet tells me....anyway, best of luck
keith...than gambling man |
