here's an absolutely super post from Tinroad, which I copied
from RB. I raise my glass to you, sir. Salud!
By: Tinroad
Reply To: 62605 by Tinroad Tuesday, 17 Aug 1999 at 4:39 PM EDT
Post # of 62668
Why Tinroad is here:
I began investing in internet/high tech stocks last November. I did so for one reason; to maximize my returns. I'm not particularly inclined towards bragging, but the results of my stock picks have thus far yielded a return (pre-tax) of approximately 300%.
I don't attribute these gains to my wisdom in choosing particular equities; most of my picks have been a combination of tips, rigorous DD and blind luck. I do attribute it to the fact that virtually all of my positions are in internet "backbone" companies; those engaged in providing the hardware and software to satisfy the demands of an industry still in its infancy. Consider the simple fact that internet connections are doubling every 6 months. This sort of growth in an industry is quite rare, and many otherwise astute investors simply can't grasp the fact that we are in the early stages of a revolution, one that will affect the affairs of mankind even more than the development of agriculture. That statement might seem a bit grandiose, but in my opinion the next few years will prove it to be true.
With the foregoing as a premise, it becomes evident that any reasonably well-managed and visionary company, small or large, that can facilitate such a rapidly expanding technology will be in a position to reap tremendous rewards. One of my largest investments (~70% of my portfolio) is e.Digital. Although that proportion may seem to be tempting fate, I sleep quite well at night.
EDIG has a unique combination of engineering talent, prolific inventors (Woody Norris, our founder, is the inventor of the enabling technology for sonograms), excellent business relationships with technology giants like Intel, Lucent, Texas Instruments, IBM and others yet to be divulged, and iron-clad patents (5 issued, several others pending) protecting their MicroOS file management system and various applications thereof.
Many bashers are seizing upon the fact that EDIG is a tiny OTC/BB company (23 employees at last count) that can't possibly merit all the claims made for it. This is a bald-faced lie; the relationships with the aforementioned technology giants are an irrefutable and documented fact, as corroborated by press releases from the giants themselves. In point of fact, EDIG's size works in its favor and enables it to be extremely responsive to the needs of its partners, In today's rapidly evolving technologies such responsiveness is a valuable attribute, a fact which has not been overlooked by their partners and customers.
So where is this little aggregation of techies headed? One needs to study up a bit on the emerging technologies before speculating on our future. As mentioned before, the MicroOS operating system for flash memory applications is EDIG's premiere intellectual property. Protected via multiple patents, it cannot be duplicated by anyone else. Based upon my research, it will most likely become ubiquitous in the majority digital hand-held devices employing flash memory.
If you are unaware of flash memory's rapid expansion, just take a look at Sandisk's (SNDK) charts over the past 6 months. The technology is mature, and scores of OEMs are developing products to take advantage of its attributes. First-generation products such as digital cameras and camcorders, digital voice recorders and music players, palm-sized computers and cellular phones will, over the coming years, be supplanted by a plethora of other compact devices; devices that will become as ubiquitous as wallets, purses and wristwatches. EDIG may not necessarily dominate the market, but being there "fustest with the mostest" can still be a rewarding strategy.
As far as predicting future valuations, the data simply is not yet available to make any sort of defensible projection. My gut feeling after watching this stock for months is that we are poised for a probable double or triple before Thanksgiving, a 5 bagger by next spring, and a NASDAQ listing in 6-8 months. If the latter occurs and all present contract negotiations come to fruition, this particular stock may make yours truly a millionaire, with enough pocket change left over to buy that Krogen trawler I often dream of.
A foolish dream? Possibly, but I am by nature a fairly reasonable person, seldom indulging in rash speculations. Is my time frame correct? Only time will tell. Nonetheless, I continue to accumulate EDIG and thank all the bashers currently spouting reams of unsubstantiated drivel for the buying opportunity they have provided for those of us who clearly see what lies ahead.
Best of luck to all,
Tinroad
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