OK, so Brad's an optimist and we had a little bit (and I mean a little bit) of bad news. Would you want to trade places with DBII or Printrak or NRID or SACM or FINX? You can, you know. They're all publicly traded.
First, we don't have any news that changes the fundamentals of this company. IDX is as dominant in this small market as it's ever been, and the company is getting stronger. The biometrics market is showing definite signs of growth. Growing markets attract larger competitors, but that doesn't mean they are smarter competitors. (For instance, Microsoft outmaneuvered IBM.) Second, if you don't have the ability to handle minor bad news, you won't have any ability to hold a growth company long-term, assuming that's your goal. Nothing goes straight up, and if it did, some of you would be trying to time pullbacks and missing out. Third, if you want guaranteed returns, Treasury bills are your best bet.
Sometimes I think "long term" means about three months to some investors, rather than three (or ten) years. If you think in terms of months, you should be on a trading thread.
Brad draws big pictures, and he can be prone to errors of enthusiasm. From what I've seen, they've been minor errors. Give him a break. He already lives in Idaho -- isn't that punishment enough? |
