Dolfan and Edge, We probably have something in common: making money on stocks. It's easiest to make money by buying low and selling high or another way is to sell high(short) and buy low (to close). There's nothing wrong with either technique.
I advise any investor to do their DD before trading BB stocks. I haven't had much time to look closely at the LGPT technology, although from what I've seen it appears to be a fairly simple concept. The big battle will be to get market acceptance of this different approach with users and industry leaders. I have studied, worked in, and know many many people in the semiconductor arena, as well as had lots of experience with embedded floating point processors. Based on my knowledge and past experience, I believe that if LGPT technology ever is to become acceptable to the industry, it will still take several years before it would have any real impact on the market share that conventional floating point processors, (embedded general purpose uP and DSP) enjoy today.
My reason for wanting to short the stock. Simple: Pathetic hypesters publishing pathetic crap on legitimate huge company threads like INTC, MOT, TXN, IBM, NSM, etc Hypesters (like KMAC) saying LGPT will run $10B companies out of business, is clearly a desperate attempt to sucker some naive small investors into buying LGPT on emotion. When that occurs, and there's no REAL substance to news and press releases, and no substantial revenue/income nor commitment of revenues/income to keep the stock price at a justified ratio or price, the investors with short time horizons who missed the run up will eventually sell and drive the price back down. In general a stock price that is run up on HYPE will deflate unless there is credible news to hold it. It happens all the time on BB stocks. Smart people can make money in both directions. KMAC's profile indicates he's probably a gambler, so I wouldn't doubt if he's intentionally hypeing the stock to quickly short again and make money on the down side. Although I may be giving him too much credit.
Good luck. |
