Joe, Joe Joe...
I've been here nearly the entire time, since at least around message 1000 or so. Just because my profile says member since March doesn't mean I haven't been lurking. I was here when Otherchap, Psychic Riley G, and Tokyomex were in full force, and I was here when you constantly touted this stock, claiming you were riding it until at least $10. Strangely enough, NETZ only showed up on my radar screen after you plugged it on two completely unrelated boards (one being ECGOF, the other I forget at the moment) with messages something like "Jimbob, did you get my email about NETZ? I hope you bought in at .20" And I'm here now with the whole new breed of hypesters trying to prop and/or tear this one down. While I appreciate your concern, I think you should be careful in dismissing people's posts as coming from a "newbie." If you made that statement because you saw I was a member since March, and my sparse posts were somewhat pro-NETZ, you should try in the future to carefully read the posts you are responding to. I have never, ever come close to naively saying I think NETZ is a wonderful company with a wonderful future. I posted earlier in a response to Partytime that I bought in at just under a buck, with only the sparse information availiable about NETZ, knowing I was taking a risk but gambling that the incessant hype and astronomical P/E's alone of internet-related stocks would push it higher. So far it hasn't been the best gamble I've ever made. But, like most investors I know, sometimes I make money and sometimes I don't (which seems to place me in the minority here on SI where everyone posting amazingly manages to get on that hot penny stock right before it triples.) So instead of making a few quick bucks with my play money, I've stubbornly held on to my shares. And that's why I'm still here.
What are my true feelings about NETZ? This is, like everything here, entirely my own opinion, but I do feel that everything is not completely on the up and up here. There are simply too many troubling issues for me to feel comfortable, and I think that same general unease is what's driving a lot of discussion, both pro and con here on this thread. I don't think it's quite as blatant a scam as some are suggesting, but I honestly believe that somewhere down the road (perhaps through the debenture issue raised by some concerning ESVS, perhaps through Hayton, perhaps through the more common, mundane death suffered by companies with poor management in a blossoming field) NETZ is going to suffer. Why am I still holding, and still vaguely pro-NETZ on this thread? I stated before (maybe you read that post) that if there is something shady going on (which is the absolute worst-case scenario) the crooks are doing a damn fine job so far, and don't appear to have cashed out yet. NETZ has garnered a lot of publicity, and despite Wired's and others best attempts, we have no hard evidence of wrong-doing. That leads me to believe (in this hypothetical world where this is a complete and utter scam designed to maximize the capital initially invested) that somewhere in their crook brains is information that leads them to believe NETZ will go even higher in the future. So I'm willing to wait and watch it play out. Again, this is entirely the worst-case scenario. Best case scenario is that we have a growing company in an industry with enormous potential. I'm leaning more towards the negative end of the specturm, but that's just my opinion, and we all know about opinions...
The only times I've posted here were to criticize what I thought were spurious ways of condemning NETZ. And only then because it annoys me, when there are so many valid areas of concern, to watch people try to go to such enormous lengths to manufacture concerns that aren't even logical.
I'm sorry this is so long, and I don't mean this as a personal attack, Joe. I'm not questioning your motivations, just your methods. And I think your advice, in general, is sound. Although it did surprise me a bit, since you'd posted earlier, in a response meant to comfort some nervous longs, that you at one time had 98% of your portfolio in NETZ alone. I pray that you meant that of the portion of your investment funds you use to play penny stocks, you had 98% of that hopefully comparatively small amount in NETZ. If you didn't mean that, I'd be happy to suggest a wide range of stocks, short and long term, high and low exposure, to diversify your portfolio. Thanks. |
