Mike, you are way too long this stock.
You seem to have lost all objectivity and are letting your emotions do your thinking for you. When I ask about the fundamentals of the company (receivables) I get no response. When I post information about a conference call replay that should be useful to both longs and shorts, you jump on it and start touting the stock.
I heard them talk about all those issues in the prior conference call. None of it was new news to me and I assumed that it would not be new to other investors who follow the company closely. I didn't even comment on my assessment of the validity of those claims. I certainly wasn't discouraging anyone from listening, since I took the time to notify them.
I also am familiar with Wilson, Sonsini, Goodrich as I worked directly with them in some private technology investments. And yes, they are a very reputable technology law firm. I know they are very competent with transactions, but I am not familiar with their work in intellectual property. I'm sure they will do a credible job. But surely you are not so foolish to think that hiring them guarantees a victory. Lawyers are paid representatives. I don't think they are doing this on contingency. They will represent SRCM regardless of the odds of winning. That is what they are paid to do.
MW, do yourself a favor and try to separate your emotions from the decision making process. And, by that I don't mean you should agree with me, but just take an objective view of information. There will always be positive and negative information for every company. If you can only accept that which supports your position, you are wasting the intelligence which I think you have. If you can't list out all the negatives of the stock and the risks to your investment in this, or any company, then you are investing with your heart, and not your mind. In that case, why not just play the lottery.
Regards,
Archer |
