I won't argue the point with you Blue Fish. There is nothing to argue.
If you want to call BYDS a dog, be my guest. If you want to flame me for it, be my guest. That is your perogative and I probably deserve it. BYDS has been a major dissappointment. I may have let down many people on this investment and I will take full responsibility.
If it will make you happy, I think everyone who chooses to take their lumps now and take this as a Tax loss should be encouraged to do so. I have taken a somewhat low profile on this and on UTEK. I will openly admit to these being losers or lackluster performers. I know you have an interest in UTEK or used to. Even as lackluster as it has been. It has been good for quite a few 10% daily or weekly trades. It has just not broken out over 22 and made its expected run to the 30s.
I never stated I was perfect and would bat 1.000 in the stocks. BYDS is out of my area of core competence and I should not have shared the information with the group. I should have stuck to the semis where I have a great deal more expertise.
Suffice to say, I will be holding onto my shares of BYDS and will actually add to my position to average down even further. I will not advocate this for anyone else. I have had a great deal of success in "weird" companies like CIG, GTIS, REFR, NPRO, NETC, PRGS, ALYD, CSGI, DY and a few others I cannot recall. BYDS by far is an atrocity compared to them. However, from what I am able to glean from the "hot rod" enthusiats out here, BYDS should perform. That is my opinion backed up by increased capacity brought on line, increased marketing, increased market penetration, and expansion of their product offering.
They are on a rough road and my due diligence on this company allows me to be patient with BYDS.
In my opinion, BYDS is being beat up bloody right now because of the $5 threshold. This stock is no longer marginable and there may be some margin calls causing this reversal on low volume. I will also be looking at the short interest on the stock.
In closing, I cannot and will not argue this with you since you are correct in your comment today. I have patience and I do not expect others to have it. I can afford to wait. I know they will not go bankrupt so it is a matter of timing for me. I make not excuses and ask for no mercy.
Give it up!!! This stock is a dog. Quite trying to tell everyone it's going to be okay. BYDS is going down on little volume, meaning everyone is bailing out. It's not worth the grief and stress. Everyone: put your money in a real company with a future.
The above are your words reprinted for all to see again. They reflect your opinion and I must respect that. IF it will make you feel better, I will no longer comment on BYDS as you suggest. If you are correct in your assumption that everyone is bailing out, I would suggest you get a great deal more vocal and encourage people to get out while they can. If anyone believes it is not worth the stress and grief, I would also suggest you convince them to sell their shares. Life is too short and your physical and mental health is not worth holding onto a stock that is causing you anguish.
I will only disagree with you on one point. BYDS is a real company. It has plant, property, equipment, and employees. It sells products and has market acceptance. It gets good reviews in the magazines. Whether or not it is MARKET acceptance or company financial performance causing this price erosion, the company has a future. NSCP based on its financials should not have been a successful company. Neither should NETC which is losing money. Yet both of these financial situations are being overlooked by the market.
Things may or may not turn around for BYDS, only time will tell. I believe they will. If not, I own a loser and will wear that badge on my chest. I have other loser medals to wear. It won't be the first or last time. Key thing is to make sure it is not a MAJORITY of the time. If you follow me or any of the stocks I talk about, consider yourself screwed by me here and possibly dollars ahead on another investment choice.
Regards and Good Trading in the Future for you.
Andrew Vance
BTW-I would like to make 2 suggestions.
1. If you beleive this is truly a BAD DOG, you might want to short the stock, if possible. I do not know if you feel comfortable with that but it is an option and a way to recoup some of your investment.
2. Since I am not trying to dissuade you from your opinion, I think it might be helpful if you would be kind enough to provide a small list of companies you believe are real with a future for this readership to consider. Those people that heed your advice or my agreement with you should have the benefit of your opinion as to what a better investment would be.
Thank you for your consideration, in advance. |
