***** PLEASE.....do not spend the time reading this if you are aggravated by long posts.....I have rambled about some thoughts I have and look forward to ideas from others but do not want to upset people with such a stupidly lengthy post. ******
Crazy and all,
I am going to make some statements here that are my own and are honestly what I am thinking.....I would look forward to some constructive and interesting debate from many on these statements because I would like to learn about other's experiences.........
So.,
About 4 months ago or so most of us began playing with this stock. I remember reading in the National Post about it when it had taken it's first run to $1.00......yes, $1.00. I looked at the article which was mentioning e-bay and many other internet companies and how much they had gone up and I thought.....wow....should have played but the ride MUST be over from here. I did not buy right away because at that time there was so much left unanswered and the stock was unknown and had risen so much ( percentage wise ) already and it felt like there was too much RISK. So I left it for a bit....then it kept going and I got in, my first purchase was at $2.34. Now, for quite awhile, we were watching the stock and day after day we were getting more volume and more rises......but it was scary because you were always feeling like profit-taking would set in at any moment. The stock did have some violent days, days when it would be $1.50 either way in a day with the stock at $4.00 - 5.00. These were great times indeed. So much fun daytrading the stock and watching all of us make money together was a hoot. Then she tanked bigtime after gapping up to $6.00 on the open and some days later it was right back to 2.35. WOW,....that was a hard one to watch. But coming into Christmas she started again. *** I do have a point here...stay with me ****.....what a FACT at that time was that playing with BII carried with it a great chance of capital gains but also MAJOR RISK. I think we would all agree with that. But....we still played of course and the stock got some major legs and then Mr.Pink came on board and others were learning about it and " CRITICAL MASS " was hit. BII had become a living, breathing, animal and what an animal. Then the lid blew off her and she popped up over $9.00. I, along with many, and I always let people know what I was doing, moved stock out in that rally.......just could not resist a rise like that. Since that time, the stock has settled and then had a period of trading on " information " and fluffy news releases etc.....and really all we had to look forward to was " Nasdaq or no Nasdaq"......
I am getting closer to the point now ....
So, in the time when we did not know for sure if they were getting a Nasdaq listing, there was still risk and therefore a good chance to make money as well on a rise on a Nasdaq News release. And this is when I believe we all had our chance and did make great gains. Well, finally when Godin appeared on the Online Investor, we heard that a Nasdaq nr would be coming. and it came but there were some questions which are still not answered. Since that time we have been in an EXTREMELY tight range and most certainly have been subject to manipulation by certain houses. But a few weeks now has gone by where we know that Nasdaq is coming but with some questions.
Here is my point from rambling about the history of the trading. In my opinion, and I would like others to let me know their thoughts,...but in my opinion, The time to make significant, large percentage gains in the market is USUALLY when there is RISK. Unknowns etc..........but there has to be risk there......
Whenever you get an environment where it SEEMS like there is EASY money to be made......or perhaps there is NO RISK, that is a time not to be long on the stock. Case in point, ARP.....buyout by Barrick, everyone knows the number and figures, hey if I am in at $5.50......WHAT COULD POSSIBLY BE THE DOWNSIDE???.....and they will probably poney up for a greater shareprice offer anyway. I heard this so many times on the ARP thread.....so many times I bought ARP again.....but something told me.." steelguy ( my mother named me ), steelguy....remember, when it seems like there is no risk....you are most likely AT RISK. ...but I did not listen....Barrick does not get shares.....shares TANK IN A HUGE WAY. the point is.....the shares were sitting there for a long time with everyone knowing and thinking that it was easy money so they kept buying.....but SOMEONE knew better.
With BII.....I am sitting here feeling it again.......IF the Nasdaq listing was a done deal, and IF the stock was going to trade on the big board and IF the financials to come were stellar.......I am asking myself....would the stock be sitting here at these levels where it looks like a joke to pay $6.10 Canadian for an internet stock soon to trade?......I am really wondering now WHAT the people in the know actually know.......and this is my dilema.....I am wondering if this is another lesson I will get taught where it was absolutely clear that if the situation was soooooo good, the stock would have been in an area that SHOWED the situation was soooo good. and right now, I do not think the shareprice tells me that great times are coming. I am really starting to think that we will hear that BII will trade on the OTC-bb or that the share structure is going to be goofy or something. Something that lets us know that where the stock is now is pretty much where it is going to be for awhile.....I don't know....just something I am feeling.
SO......for any of you that are still reading this.........
tell me or explain the trading in the stock and how this is bullish for the future and how I am not in a situation where it " appears " that easy money is to be made. Because if easy money is what it looks like....I am a little scared.
**** I am not bashing BII and I am very hopeful that the stock continues to run...I still own shares but I am just a little concerned over the trading and I am feeling like the " critical mass " days of $9.00 were the top.
I do not hope I am right and I would LOVE to see this stock rock on the big board and be $45US.......I would just like to hear some explanations as to why many still feel this is going to happen......
sorry for the abusively long post.........I am rambling but I want to learn about how others feel about this situation.
sg |
