|
I came to SI and to this thread to try to better understand the technical implications of NUKO's product. I have learned much about NUKO as well as many other stocks by reading the posts on SI. Basically, I am a rather sophisticated investor with limited knowledge of the current technical world so I enjoy the information I glean on these threads. I should like to give something back to those who post and would hope that I am not perceived to be condescending. A very worthwhile book for all investors is Philip A. Fisher's, Common Stocks and Uncommon Profits." Some would suggest that this book makes an excellent companion to Ben Graham's, "Intelligent Investor." The point of this book is trying to ascertain when to sell a stock. Although there is some hedging by Fisher the general thesis is that if selected properly, the need is almost never to sell; but when management has lost focus, direction or INTEGRITY, it is manadatory to exit! Nuko's management has long ago lost all credibility making this a wish and prayer type stock. Again, my technical expertise is limited and so I may be off base but this management group leaves much to be desired. Yes, I lost $ in NUKO, but following Fisher's perspective got out long ago. I continued to follow hoping that there would be some changes indicating management was regaining there integrity but that has not occurred. Not to distort Fisher's erudite work, I would suggest that all investors never forget the Cockroach Theory of Investing, i.e., when you have seen a roach, despite the fact that none others are visible, you can bet they exist. I believe NUKO may exemplify this theory! |
