David, Your points are well taken, and many of the questions are valid concerns.
My previous posts are based on the fact that everyone seems to be jumping to foregone conclusions as to what the answers are. I don't have all the answers, and I too share many of your concerns. But rather than sell into all the doubt that is being created on this thread, I am jumping on a plane and going to Sarasota, to find out just what they have, or don't have.
A lot of what Micro-cap investing is all about is based on story and dreams, so I guess it should come as no surprise that sometimes those stories become documentaries, some novels, and dreams turn into nightmares. What I am saying, is that when I first invest in a Micro-cap, I essentially have bought their story. From that day forward I am out to qualify the story as fact or fiction, constant vigilance, a check and balance, and constant rechecking, till the day I divest myself of that security. In the interim, I will add or subtract from my exposure to risk, based on what I continue to uncover or as to what has progressed. To date, NVID has done nothing to cause my taking action to sell, nor have they progressed to allow confidence in further investing. What has happened not only by the questions that you raise, but by the general sentiment, is to take action in the form of first hand investigation. I have taken a healthy position in NVID, and I plan to base any future actions on solid evidence, not the skepticism that is raised on these boards.
This is a pure case of Micro-cap investing, a true case study. It is all risk/reward oriented. Now that the sentiment is negative, the risk rises, the price drops, the rewards are greater in proportion. Those that make money in this arena of investing, seperate their emotion caused by the tape, and seize opportunities where they exist, based on solid diligence. Most people lose money in Microcaps because they judge the company by the tape, not the results of doing their homework. That's herd mentality, and we all know that the herd is usually led to the slaughterhouse.
Don't take me wrong, David. When I hear something once, I take note, when I hear it twice, I listen, when I hear it three times, I contemplate it, and anything more than that, I take action. It has now grown to the point of seeking validation, so I plan to invest the time and money to find out what seperates fact or fiction, but I refuse to be swayed by the growing sentiment and blindly follow the herd.
RB |
