>>After that he made other predictions, but he did not account for other factors, such as the BuyBack program and Deep Pockets, like Mr. D ... <<
Good post, elk. The only thing I want to add is "Duhhh."
That is a comment on the actions of the shorters, not on your well-written statement.
Many of us who are long on this stock are so because we have done our DD. And that included looking at all the risk factors. As a rocket guy, I am willing to trade risk for rewards (that's how we went to the moon), but don't want an "O-ring" failure in our stocks.
So we are well aware that professional shorters have had a field day with this stock in the past, driving it to 0.50, and might try again. That was/is a risk.
Defense? Our short term defense was/is the buy-back program and the deep pockets of Mr. D and others, who are making a lot of money by the way. If the shorters did not crank this into their equation, in the same way we cranked defenses into ours, I hope they have the money to lose. There are some more short term defenses ... As Byron said once, "THEY PICKED THE WRONG STOCK TO SHORT."
But that is only a short-term defense, because it is not needed in the long term. The long-term defense is the contracts coming down the pike. Huge contracts with penetrations into several strategic markets.
Just as Dr. Meade was right on a (very) momentary price, but wrong on the timing, I and others were wrong on the timing for some of these contracts, but I believe we will be shown right on the facts.
Unfortunately, the timing error created an atmosphere of FUD (fear, uncertainty, doubt) which shorters love. A tactical mistake on our part and I, for one, will not make it again. Will we see huge contracts next week? Maybe yes, maybe no. The week after? I have no idea, since I am not an insider, just an average investor. In the near future. Yep, that is my opinion, based on my DD and that of others, and that is why I am long.
I don't give a rat's behind if this stock swings from 7 to 4 and back next week -- which these players like to see because that is how they make their money. I don't care because the money they make will not be mine. I will see them in 6 months or a year or two or three and then let's find out what kind of company we have.
Is this a certainty? Will DGIV be $30 at the end of the year? I don't know. Right now, with no other contracts other than what we have been told we have, this is a $7 stock -- ask dwlima. So anything under 7 is undervalued. With every new contract we move up from that base and, as you know, stock movement precedes the announcements. My bet is on the $30, which is why I am long. But if this were a sure thing, I would sell everything, including my home, and pour it all in here. Well, ok, I would keep my boat!
The fact remains that this company carries risk -- we are still waiting on the audited financials, on the Edgar posting, on the NASDAQ listing, on the other contracts. Before we went to the moon we did our technological DD, but were betting on a lot of things happening that had not yet happened!
I believe in the technology, in Mr. Chin, and in international business prospects. That is why I am long. Shorters don't have to believe in any of these, because their only goal is to make money from fear in the next 15 minutes, the next day, the next week. And for those here who are not shorters but nonetheless believe this stock will tank (so why are they here instead of our getting a life), they must believe that the technology is useless, or Mr. Chin is incompetent, or the international business climate in Asia and Europe (where DGIV is going) will tank for the next 5 years. I think the first two have already been disproven. If the third is true, let me tell you something: sell your IBM and even your T-bonds, and buy a cave, because then nothing will matter. |
