Lee, I appreciate what you are saying. And keep in mind that I am an ORBI fan all the way and have a significant chunk of my investment in this jewel.
However, about Internet stocks, what you said is not totally accurate. Internet stocks are not for the faint of heart, or for those who do not do a heck of a lot of DD, or for the casual investor. However, if you really follow the technology, and find the right company, the returns are earth-shattering.
I never got into Netscape, nor did I ever think of getting into that stock. It was way overpriced. The stocks I got into were low priced, undervalued, and just waiting to be discovered. And while I have made 25% returns on ORBI in the last few months -- and grateful for it -- my "highly personally selected" internet stocks have returned over 200%. The highest one has returned 1800%!
So we can hypothesize all we want, but the proof is in the bottom line. But I agree that most of the internet stocks being touted now are way overpriced and heading for a downfall. I am not into them, or sold what I had of those after their initial run-up. I am now down to just two or three, and they have reached initial orbit and are ready to ignite their final stage for trans-lunar injection :-) Don't want to mention any because I might be accused of hyping them. My profile has a list, but I am out of most of those now.
Anyway, good luck with ORBI! This company has the strength, proven record, great concepts, and backlog to be a dominant aerospace firm well into the next century! This is still my mainstay. |
