Last Response for awhile......
JM....
The street is littered with alliances, relationships, and patents. Just ask AAPL, BORL, SYBS, WALL, etc.... These stocks, their prices, and their promise have fallen by the wayside. Doesn't the markets recent reception of this "NEWS" bother you a little? The market doesn't seem to buy into the PRST spin. Promises, alliances, patents and relationships DO NOT EQUAL EARNINGS much of the time and in this case seem to be fully discounted by open market. Peek outside of those blinders and balance your enthusiasm with reality....PRST has never executed their business plan particularly well and shows little
reason to believe they will in the future. I do believe that PRST will not be considerably north of this price 1,2 yrs. out. In fact, I wouldn't be surprised if it is trading much lower by then. Wanna write me a 2 yr. Put option? You price it and I'll contemplate buying it.
Nanny....
Those HYPESTERS are not my enemies (I don't hate them). They are promoters, pure and simple, with their own personal agendas and not bright enough (ex. Howard) to get out of their own way. I really don't believe you when you speak of not knowing Chapman...he infected most of Boca Raton with the PRST flu. Having been around the investment world for quite a bit of time, I'll state for the record that my investment style would never permit a "wipe-out" or unsustainable loss. I use enough risk management in every position to prevent that. I KNOW how to take my losses, do you?? Sorry to upset you, but I'll be hanging around for
PRST's ultimate disappointment. I pay absolutely NO attention to newsletter drivel (Red Chip, or other) and view most of them as failed private investors trying to sell snake-oil. Do your own work, share it with no one, and look for VALUE....thats my approach. I don't follow those other names you invest in, but with your approach I really wouldn't want to anyway.
P.S. This story has already unfolded and was found to be mostly empty.
Going Golfing in California |
