Mike,
Who's asking you to buy? Who's asking anyone to buy right now?
I would not recommend that anyone buy IMP until management indicates through action, where future revenue growth will come from?
If & when it does, the market will respond. And you know what? The market will not give a rat's ass whether Laws or any current board member sold IMP above $18 in 1996.
The market is forward-looking. If IMP is able to establish a steady predictable stream of future revenue growth, albeit modest growth, thru diversification of a new customer base, it will win investor's appetite to own the stock.
It seems like your emotionally stuck in the past. One of the basic rules of investing is not to get emotionally involved with a stock, either on the upside or downside. It clouds the judgment.
If you're in the stock, know why you're in. If you're miserable about it, then sell. It ain't worth it. If you're not in the stock (presuming you've sold at a loss), then why waste your time here (& ours)? Why torment yourself?
Hey, I'm a bit underwater with IMP, but I've rationalized in my mind why I've held. If I sell, I get chunk change; so I hold, thinking the worst of the storm has past, & new management now has the opportunity to build a new customer base. If they can't, then I can lose all of my chunk change. BFD; it ain't worth today much a current levels. But if management can turn IMP around, then maybe, just maybe, I get back to even, & even make a nice quick profit on some short-term trading opportunities on the rise to the surface. Color me patience, but color me rational as well. |
