OK, I'm going to take it off my 5% list & do some research on it. I just bought it because I had a lot of cash at the time & you told me you liked it -- never did any DD beyond the scam scan, I just figured that your short time frames (and positive tone) would let me turn it around quickly.
This is, of course, the "problem" in investing based on SI BB "research" -- I get lazy and follow people I trust (such as you) into positions and then try to shave a few points of profit.
Plus, I tend to want to be a value investor and in the current market, this is a mistake. It don't matter how good a company is, price movement is now based on media exposure (CNBC, internet chat rooms, linked press releases, etc.) For instance, I got really excited by CTT because of the fundamentals but I now have them on my 5% list to keep my liquidity.
I could go on and on, I am learning, and the "all stocks are crap" mentality is growing on me.
regards,
Tom |
