Sometimes when something seems so good, it isn't. When you do all of your DD, and can't see the flaws, you either are going to make a lot of money, or you are going to get blown out of the water.
As I have said before, this story is too good to be true, but is it really? Sometimes the obvious is not recognized until the stock has gotten away from you.
I remember a few instances at huge hits I COULD have had, if I didn't listen to all the bs and chit chat from Wall Street. The first was a company called Blockbuster Video. I listened to accounting questions, dilution, competition, market share questions, etc..etc.. I watched the stock go up 600%, and I never owned a share, as I didn't believe my analysis, because all the bs frightened me into inaction. As it went up a point or two, I said it is too late, it is overpriced, and it just kept going. I did the same thing earlier this year on a company called JTAX. They were going to dilute their stock some more.I was looking at it at $12 per share, but with more stock, who needed it. It is now $66 in 6 months.
The point is very simply this. IF Y2K is a real problem, IF major companies are going to put up major dollars for this problem,IF TPRO has the goods, as I am convinced they do, then someday in the not too far distant future, Wall Street is going to wake up, and then we will be rewarded.
Everyone is concerned with more share via a private placement, but I am not. They need the money now, and I suggested a secondary offering, because it is my experience that having a prospectus, and a road show, giving many new investores a chance to hear the story is someitmes a company maker. Time is of the essence. This business is here today, and they have to be adequatley finaced to achieve all of the lofty goals we have set for them.
There are many more deals coming. We are in the beginning of the first quarter. As companies set their budgets, we are going to a raft of announcements on new business, and then we shall see what Wall Street is willing to do with this puppy.
The only time to get discouraged with your stock is when the story changes. If it changes and you have to rationalize, then you are invariably wrong, and should sell it, but when the story just gets better, and people do not care, then it means you will just get paid later, but you will get paid. I know this board has very little patience despite all the chatter to the contrary, but IF we have a shot at 3-4-5x bagger, then what the hell.
There is one way we lose, and only one in my opinion. Y2K ain't for real, and it is no problem, other than that, we will get paid well for our bet. |
