<< Iomega's statement during the last conference call about Clik! being 10% of IOM's revenue intrigues me. That was a very bold statement for a company that has a history of presenting things very conservatively. >>
I'll be frank here.. don't take it personally. Investing based on what management 'dreams' of is a stupid thing to do. It is much better to open your eyes and see what is actually happening for yourself. I've owned two stocks in the past that have been cut in half in a short period of time because I believed 'visions', and didn't open my eyes. never again...
Rather than blindly investing in hope, I'd rather see some results first, THEN invest.
I am alarmed at the lotto mentality I see in stock investors. Everybody wants to 'invest' on dreams to make the quick big score and not do any homework. Plunk down your money no matter what the odds and pray for the best! Making money takes research, patience, market experience, strong will, MONEY MANAGEMENT!!, and the ability to recognize losers and drop them. The goal is to MAKE MONEY, not sit around on some message board and trash people who make you feel uncomfortable about your investment.
The thing to remember is this: The market is a zero sum game. To make money, you need to take it from someone else. Therefore, you must play things smarter than the average person to make money. Fortunately, it can be done, because everyone overestimates their skills, and plays for the 'quick buck'. Market players are primarily driven by fear, greed, and thrill.
kp |
