Badger,
Thanks for the kind words, I try to be as honest as I can be. I have seen this kind of situation in a few other companies I have held and the bottom line is usually the egos involved. Randy thinks he can do it all. He has not been held accountable for the company's lack luster performance. Everytime the company takes a step forward, it takes three steps back. The technology is what intrigues me, not Randy's lack of leadership ability. I wonder if he even realizes that he is a horrible leader. I love when people say the company is in much better shape now than it was three years ago, the stock was around the same price in May of '95(before the IDID scam) and the hope of hype and IMO earnings potential was much stronger.
My recommendation is to not be as long, I held 10,000 shares for sometime, right now I hold 3,000 with Feb 7.5's written against it. I would love to have sold the 5's and had my stock taken away. I have tripled my money or better with other stocks and have become an IDX trader, instead of a shareholder. I was once a true believer, then I woke up and looked at the market's performance around me and started kicking myself in the ass. Being right about a stock is not what counts, making money in it is. I quickly started evaluationg my portfolio and sold off most of the dogs and bought boring stocks like SUNW, ORCL, ADI, NN and DIS. I took flyers on stocks like SQNT and CKFR and I took a bath on PLC. I would evaluate risk versus potential in my portfolio and act on it. The market is very frothy now so be careful where you put new money. If you want help, send me a private message and we can share info. I have helped a bunch of people make money and they have helped me as well.
I love Jean BTW. We share info sometimes. She gave me a heads up on CATP at 20, I did my own research and bought 1,000 at 21, I sold at an average price of $27.50. She told me about it at the end of December. My point is that you must not rely on others, but you can share ideas.
I hope I have helped,
Rob |
