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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (11219)	10/18/2002 5:30:29 PM
From: axial	Respond to of 14101

Two fine posts! SofaSpud - "...Sometimes the market does know. Not always. But sometimes. And sometimes it overlooks little micro-cap companies that actually do manage to hit a ball out of the park. That's the line we're all trying to walk here. You're right, of course. After the fact of the announcement it won't have really mattered what the share price was. Certainly if they announce FDA approval then I'll wish I'd had the nerve to buy more. If they announce rejection, then I'll wish I'd paid more attention to my gut." Nicely said. And Wolf, another great summary. Did you miss your calling? As far as DD, or research is concerned, perhaps I've done as much as anyone. After a year, and hundreds of hours of effort and investigation, there are unknowns that will remain "unknown" until time gives us the answer. Opinions are all over the map - in the investment community, too. Not just among retail investors. Some of the questions are (in my mind) non-issues. Example: "DMX's CEO is a lawyer. Watch out." Other questions raise flags - could be this, could be that, could be bad, could be not-so-bad. We try to get the facts, we try to find theories that fit the facts, we try to reason it all out - and in the end, some questions always remain. So we try to express the sum of the questions - answered and unanswered - as a probability. Many add differently: they are gone, or they never even played. Some are on the verge of leaving. Some are bitterly unhappy; others see cause and effect differently, and are more sanguine about the prospects. This was a gamble coming in; a contrarian play. Some aspects of the gamble have gotten better, while others have gotten worse. Certainly a big factor in the play was the character and the capabilities of the CEO: her dedication to DMX. While the dedication itself may be unchallenged, the results appear to have been mixed, and some questions (which cannot and should not be ignored) have arisen. In the midst of pre-approval uncertainty, the air is heavy with doubt, and fear. The psychology of the moment is not conducive to rational thought. Not when people have a lot on the line. There's light at the end of the tunnel, but we can't tell how long the tunnel is. Rational thought is all we've got: if we abandon ourselves to the emotional alternatives (as some have) then we're left with nothing usable. Doubt and fear are companions to this investment: especially now. There is no certainty, there never was. Only probabilities. Regards, Jim