The street is now immune to press releases.
This one at least had a $ figure.
But half a million annually for 2 years is still a yawner.
It is progress, but at a snail pace.
I'm about sick of this stock.
And sick of trying to read the Yahoo thread.
So I have two choices:
1. Quit reading Yahoo.
2. Sell the stock.
Since both would limit my exposure to that thread, I'll give up on Yahoo first.
This used to be a very good thread. It would be nice if we could regain that.
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No one would buy this company on their numbers. Losing 3/4 of the entire revenue stream is idiotic.
Its like a lottery ticket, imo - Probably a loser, but if it hits, it could be a huge payout.
I haven't done any digging since I realized the deteriorating fundaments coincided with the departing CFO before that news was public.
That prompted me to bail and run for cover.
But recently I bought back in.
And sure enough, History repeated itself. The stock lost about 70%.
But then it did come back and I am at a small profit today.
Buying additional shares at the lows would have been good, but I didn't.
...Hope some of you did.
The business plan has had failure after failure.
And currently I see only one aspect of the business offering promise of salvation. Thats the GIS stuff.
If that fails, this is a 5-cent stock.
If it hits, we could see double digits in a couple years, imo.
Or, if we got sucked into the internet mania, who knows how high it could go.
After all, we have all the ingredients for "net-mania:"
1. Net based business.
2. Consistent losses.
3. Possibilities in FAR off future.
Disclaimer ------------- just my opinions, folks.
Jerry <--------------------rowing upstream |
