I guess I come here for the same reason I watch "Jackass" on TV.
Yes, the market is down, but nowhere near this stellar performance...and it had already fallen when the arrogant "watch and learn" comment was made, and then it lost another 50%. It must be tough to eat crow and watch your money evaporate.
Here's a few pointers on what to look for in a "tech wreck" survivor.
Wallstreet values companies on certain metrics. One of it's favorites is the P/E ratio. If the company you are considering investing in, doesn't have an E, that's not a good sign!
Another of it's favorite metrics is P/S. If the company you are considering investing in, doesn't have any S; there's no question, if's, buts or ands, you should turn and run away as fast as possible (and take your money with you).
There is only one extremely rare exception to this very simple and basic rule, and that would be if you were an expert in a particular field and you were working for a VC firm, then there maybe a remote possibility, you might take a second look at it, test it in a lab, and based on those results, invest some very successful people's money, that could afford to lose it all.
That being said, as a VC, you would get to help supervise and oversee the direction of the company, and you usually get a nice leather seat on the BOD.
As a shareholder in these circumstances, you only get to scream for about 20 seconds, once a year, at the annual shareholder's wake, before they throw you out on your ear (without your money).
Simple enough?
Best of luck going forward. |
