Pluvia,
With all due respect, you fall into the trap that you claim I'm in. Funny how shorts tend to claim those who disagree are ignoring other arguments or otherwise bash. It's easy to express an opinion based on one's investment.
I'm out of VISG having made a huge profit. It was easy for me to invest at $1 (and less) for a speculative play and it worked. At current prices, I need more analysis.
Basically, you have cited reports which have merit but don't appear to be definitive. Calling something immature technology or blanket statements that "it doesn't work" or it's a "pos" does nothing to add to dialogue and really is meant more to terrorize than analyze. I think you are better than that and I look forward to real discussion on this.
I've posted my beliefs that this is overvalued, largely because of the current events post 9/11. The Logan test will IMO be a major turning point for this stock. There are 3 possible results, 1)Visg wins out - obviously major plus for stock pushing it to 20 or more 2)Visionics wins or 3) both lose out as you would argue will happen.
Under either 2 or 3, VISG will suffer a setback, going back to 5 area. IMO, it won't be the death knell for the company, as there are other areas more suited to FR, e.g. computer transaction verification, ATM verification, casino, etc.
Bottom line, I don't like the risk/reward right now enough to be either long or short. If I had to make a choice, I'd go short but given the float I wouldn't touch it. At 6-8, the equation changes, again, subject to the results from Logan and other airports.
I've looked at both sides now and suggest you do the same. Good luck to you..... |
