Thanks Ed....For some reason genu rings a bell....I may have checked it out after it's ipo...in fact, I took a quick peek at my speculative portfolio and see it listed, although, it's been awhile since I have even looked at it...but it's there, so i must have taken a look at some point in time and passed then, so would probably pass again now unless something drastically changed, besides falling price, to make me feel comfortable buying it.....
Ed, very obviously, you are quite astute and know what you are talking about. Your investement philosophy is excellent and I wish I had paid more attention to you while the bubble was still around. But, I am a firm believer that to get ahead in this world, you need to sometimes take risks. I am not talking about blindly throwing a dart at the stock page and buying any POS, but I do feel, at least for me anyway, that some risk and speculative plays, here near a bottom, may pay off nicely, if you pick the right one's and are patient. I have a bunch of free cmgi and icge....neither one you would probably touch. But I did. I traded some and now have a little of each with zero cost basis...and I even added to icge in the low $3's.......ICGE, I think will be a nice gainer for me...lots of good companies under their belt, lots of strong alliances and they do not rely on a hot ipo market to survive. A hot ipo marlet would be icing on the cake, but they are executing their game plan, losing dead weight, and IMO, making the right moves to be a survivor, and reward shareholders buying under $5 with a nice % gain. CMGI, I have no idea....they are more reliant on a hot market for success, but heck, I only have a few shares, with a cost basis close to zero, so I'll let it sit and see what it does....anyway, my point simply is that sometimes risk comes back to bite you on your ass, but sometimes it pays off....I dont like being one of those people that sit around all day going "what if"....I roll the dice and see what numbers come up........Much of the sucess I have had, in the markets and in business, has been because I am a risk taker....my failures in the market have occured because of greed, a lesson learned this past year. Anyway, I do have some quality companies I think....jdsu, sunw, qcom, aol, atml and etc, etc...but also like having some risky stuff mixed in...I just try and make sure the risky stuff at least has some potential...no guarantee's, but potential nonetheless.....
Good luck and thanks again
keith |
