To all folks who want to buy cheap stocks,
I remembered back in April, I told a friend of mine to buy IOMG at $30.00 (pre-split). She said it's too high since it was only $2.00 a year ago. Well about 3 weeks later, it went to $60.00 (pre-split). Then, she read about a company named Comparator. The stock has gone from 5 cents to almost $2.00. She wanted to buy that stock because it's "cheap". Fortunately, I convinced her not to buy it. A few days later, that stock crashed to 50 cents before the SEC stopped it from trading.
I remembered also back in 1987, I worked with a technician who invested $50000 to buy Microsoft when it just went public. Every year I told her to sell it because it's already "too high". Well, she didn't listen to my stupid advise and still kept all the Microsoft shares until now. I think she is a millionaire now because she just decides to retire. She is only 45 years old.
So lesson learned: a stock is never too high unless it has no potential for growth. In this case, SYSF has the support of a lot of big companies such as Intel, Microsoft, IBM ... How can you say that SYSF will have no market for its products? If the PC manufacturers and software co. don't want to spend too much money supporting their customers, they will have to mandate the use of system wizard in the products they ship. And pretty soon, it will become the de facto standard and the customers won't buy their products if they don't come with a system wizard. |
