Rodney, You have a point.........
I have seen people who played the hype induced peaks right make a few bucks on Camelot. I have seen far more lose by thinking that there was a future for these guys.
DW seems to be able to play games to get the stock to spike from time to time, but seems to have no clue when it comes to making Camelot profitable! Scams and hype simply don't pay the bills when there is nothing there to back any of it up!!
If one keeps in mind that this is a stock that is highly speculative, doesn't invest anymore than they can afford to throw away, and watches it like a hawk, perhaps they can make a few bucks on it. I guess this is what the high risk speculation game is all about.
On the other hand, I sure hope no one feels that this is an investment grade stock with any sort of long term growth potential. If one goes in with any knd of long term expectations for personal profit, they are just asking for a beating! If the history of Camelot is examined, one can see many times when the stock doubled in price in a short period, unfortunately for the folks that didn't quickly take the money and run, it has always fallen to new record depths almost as quickly. This is what happens when stock price is driven by hype and herds of speculators stampeding hither and yon, rather than sound fundamentals. You know...like something rather than red ink in the profit and loss statements, or at least a real product that is actually available and selling well. These things, of course, Camelot has never had!!
As to money losing deals... this is all that Camelot has ever made. But just having a "deal" doesn't keep a company out of bankruptsy court.
To pay the bills, they have to have profit. Last time I checked this meant making rather than losing money on deals... Are you listening DW??
All I am saying is that people buying this stock should really do their homework very carefully. In Camelot's case this means doing far more than just reading the hype releases that have proven for so long to be nothing more than blatent distortions of reality!!! Just go back and look at all of the promises of delivery dates that have been blown. Look at the deals for huge sums of money that have been announced, only to yield either nothing or big losses instead. Check out the history of this management team. You will find that DW has sent every corporation he has had anything to do with into ruin. Look at the fact that Camelot once traded for almost $8, now worth pennies. Look at the fact that Meteor PLC stock ( DWs shell distributor in England) has lost 87% of its value since DW took over.
Then look at the fact that nothing has changed! Look at the fact that everything that Camelot has is either antiquated and uncompetitive, or vaporware. There is no fresh blood or new ideas in the management team, only the same folks that know better how to develop hype than products! These people have a solid track record... of consistent failures, screwing employees, and screwing stockholders!!
(So you still think this is a buy??)
Once people realize what a bad risk this company actually is, hopefully they will find a better place for their money. (Of course this will not be real difficult) |
