<<
True, but the rocketeer "system" offers some protection against downside risk. A BB stock can run up 300% for two reasons: pump/hype, or fundamentals. We pick the fundamentals. What happens is that a
company can be severely undervalued becuase it has been shorted, because it is new and unknown, or both (as for ICVI). So if we buy a significant amount of the float in such a company, it will shoot up and reach its fair market value, not a hyped up price. ICVI is far from its fair market value yet, BTW.
>>
I agree. I think this underlying message was implied in my original
post, but for consistency reason I'll include you thoughts in the
next release.
<<
NASDAQ would like us to believe that, but it is a bunch of crap. The reason that is a true statement today is beacuse nasdaq made the system to perpetuate itself. To paraphrase from another system that went bankrupt through lies, the nasdaq BB MM system carries within itself the seeds of its own destruction and must die. Unfortunately, it will not die anytime soon, so it will not affect ICVI/MTIE, but let me explain my reasoning if you are interested.
>>
Well, this opens up a whole new can of worms. The NASDAQ in itself
is flawed, and an exteremely volatile exchange. I will not go
into details here, but NYSE and the AME have designed a much better
exchange IMHO.
<< Lemonade >>
Good analogy. I'll include that in the next version in you don't
mind.
Cliff |
