Warren:
I've read all postings, called Zitel, Matradigm, Investor Relations, Nevada government, Stewart's office. All I get is more confused. I can see all your points. The one thing that I can't rectify is Dave Stewart's absolute optimism in this stock based on (from what I can tell) his conversations with Chiang. Stewart's style is obviously to hype the stocks he likes, but I think he truly believes in them. Stewart is very intelligent. He is laying his newsletter business on the line with this one. I know -- if he makes enough money with it he won't need the newsletter. Chiang is no idiot either, and he says (again, according to Stewart, I know) he has invented the "Silver Bullet". I have made money with Stewart's reco's, and I have been waiting on paper losses with some of his other ones (although I am very optimistic about Grandmaster Technologies on the Vancouver). But on this one, I chickened out. Simply based on the CNBC report, I think Zitel may go down substantially tomorrow. It matters not why Esping got 7% for 1.5 mil. If the street believes, if only for one day, that Zitel may be overvalued, it will go down. I took my profits today, but will reevaluate tomorrow and may get back in if stock moves into the 20's again. As I said, I am really baffled by this one. But don't forget (& this is my self-serving plug) to check out Grandmaster Technologies (GMT) on Vancouver. It WILL have good news release (99% sure) sometime tomorrow. Their IBIS technology has the potential to turn the Internet into the live TV-like environment that the average Joe is waiting for -- we'll see???
Anyway, I enjoy your opinions -- as well as those that totally disagree with you. Only time will tell who was correct in their analysis. |
