To: Dave Dalry who wrote (2744 ) 10/22/1999 8:06:00 PM From: slaffe Read Replies (1) | Respond to
It is ablsolutely amazing, and a waste of time reading these posts of whiners and people blaming other people for their investment losses. Fatt Matt certainly has it right when he says, this is Wall Street, get used to it. what is so amazing is you guys picking on Jeff, a dentist from idaho that likes to do a lot of DD and invest in the pp's of start-up companies. Imo, pp investing is one of the most riskiest forms of investing one can do. All of them will give a very compelling swan song. What else would one expect? Yet the company that approaches the small private investor, such as Jeff, has probably already approached much more deep pocketed investors such as goldman sachs etc and has been turn down. Hence they approach the smaller investor with tales a great returns. the unmistakeable rule here is that the greater the potential reward, the greater the risk. So what did Jeff do? He posted excerts from his investment package ( I for one thank him for that) he posted many of their pr's, both past and present (again thanks Jeff) and he posted postively about a company that he thought had great promise. While some of his post were repetitious and I got in the habit of skimming over many of them, I found his posts to be very helpful in doing my own DD. To consider taking the investment advice of a dentist (no offense meant here Jeff) or a anonymous internet poster and risk money that is above one's risk tolerance level is imo, ludricous. Most pp that do eventually come to market this way, wind up this way. Many never make it to market. Where does that leave the pp holder? When I invested in this company, I knew it did not have serious institutional backing. Although at the conference in vegas I heard from a investment banker from credit suisse first boston. I thought maybe they might get their backing. Where do think this stock might be if credit suisse first boston had taken a interest in bringing this company to market? Unfortunately it is apparent that they have taken no interest. Althought I may be wrong about that for I really have done very minor dd on this company recently. The point here is one must do one's own dd . after the stock gets hammered, many anaylsts downgrade ibm! They couldn't downgrade prior to the stock getting hammered? Now some anaylsts are upgrading ibm saying they have hit a bottom. Which anaylst do you follow?
