Paul:
Thanks for the sound advice, but I'm not into cryogenics. Some 26 years ago did my own cryogenics when I blew out a hypersonic wind tunnel--that, as they say, was really cold. And, in fairness, i would say I'm not as skittish as our mutual friend Limtex. As for that skittishness, I'd say it's more anger at my own stubbornness and stupidity than at WCII. My mistake has always been in believing in it and the idea too much, not too little. I have committed very substantial resources to this pony, and have watched substantial sums dissipate. The stock's progress over the last three years has been minimal, and the resources I devoted to it have not materially appreciated since that time. Given the alternatives with much lower risk, my devotion to WCII has, thus far, proven to be just about the biggest financial mistake of my life. If Jim Fink is the kind of human being who takes delight in that fact, that is a matter between him and his God. I just hope that others do not gloat on his mistakes. Three and four years ago we were talking about how we'd be rewarded ina coupla years. Gueess what??It didn't happen. Stocks like NXLK are in the 50s, and the AOLs of the world have appreciated what, 10 to 20 times?? If I had not chosen WCII, had not thought I wqas so smart "understanding" the value of the idea, and just simply said--duh, the internet will probably grow, let me buy AOL, I'd be beyond rich today--rich enough to never have to lookat a stock price again. So, no, I'm not "mad" at wcii--I'm disappointed with myself, and I'm sharing my mistakes with the thread, so they can decide whether they wish to repeat or continue my mistakes. You express the youthful enthusiasm of a WCII cheerleader. Maybe you didn't have as much at stake, or just don't care enough. I don't know, but I know that I'm quite frustrated by the situation, especially since we've been blessed by positive market conditions, even though we've been incapable of taking sustained advantage of them. Where shall we be in the next downdraft, as Bill R goes merrily along borrowing and spending money to his heart's content, with no care about profitability. I think WRM1's attitude is reflective--where the hell are we going if noone cares if we make money before this generation of shareholders is dead. Many folks don't take the time to "learn" about a company the way we have. They see the financials and steer clear or short it--huge losses widening every quarter--hmmm, how long before they blow up?? TYhere are better stronger stories in the internet seems to be the consensus. And, I'm growing to think that when you're saying to yourself for years that a stock/company is "misunderstood and undervalued" you're fooling noone but yourself. Twas Warren B himself who said something like "If you don't know who the sucker is 20 minutes after you've sat down to a poker game--well, then you're the sucker. Who's the sucker with WCII?? Those of us who have been long these many years, or those who bought aol, msft, csco, ge,ibm, yada. yada, yada |
