To: Dave Gore who wrote (1375 ) 6/20/1998 2:26:00 PM From: Martin E. Frankel Read Replies (1) | Respond to of 44908
Dave, << However, I often find here on SI that even Long term traders get impatient and frustrated all too easily. >> I believe that has been my commentary all along and it certainly is not limited to SI! Interestingly though, there is a dichotomy in your statement above... "long term trader"? I guess we have different definitions of "long term", Dave. Someone who is truly "long term"... meaning,IMO, far in excess of a year... is an "investor" and not a "trader." Based upon your personal profile which you chose to post and by my definitions, you are a trader. Don't get me wrong, Dave. There's nothing wrong with being a trader. I've done it many times and if you've got the time and talents you can probably make good money, but, for the most part, I tend to prefer to do my DD with these penny stocks, make my own decision based upon what I can learn, and then ride them for the duration... and that to me means years and not a year or months. Sure there's high risk, but the potential rewards far exceed the risk, IMO, or I don't invest. In response to your questions: <<1) DO you watch this thread far too much?>> No, but time is relative isn't it? Frankly, I check into this thread to see if anything's new (quicker than doing multiple searches). And, yes, I do add my two cents. If members want me to stop I'll be glad to oblige, but I don't believe in "flaming" or hyping. I like TSIG and will continue to like it until proven otherwise with facts. But the very first paragraph of this post (your quote) is why I have generally posted. <<2) or do you check it once a day or a few times a week?>> Asked and answered. Sometimes I don't check it for a few days and sometimes I "check it" 5X in a day. Why... because I enjoy it. Just to clear things up, I invest a few hundred thousand in the market myself. That's one of my pleasures just like some enjoy golf and some enjoy tennis. But, the vast majority of my investments are handled by professional money managers in hedge funds and managed portfolios. I'm sure you're aware of the minimum admission tickets to these funds, so you can see that investment is investment and speculation is fun... but even more so when it works out well. The people managing my funds are pros who do this for a living, but I've had years when I've beaten them significantly... but I took far bigger risks than they would. <<3) DO you fret at all over the stock price dropping?>> No. I don't "fret", but I'm happier when it goes the other way. <<4) or do you look at the big picture and shrug it off or buy more?>> If you look at one of my recent posts you'll see that I bought another 10,000 TSIG this week. Does that answer your question? Now go look at your own personal profile... "don't chase a stock and don't average down" is what I recall you said. Another dichotomy, Dave? One last thing, Dave, as I've taken up enough time and space on the thread. You said: <<I don't care if it goes to 20 cents if I feel strongly it is going to $2.00+ in 12 months>>. IMO, if it's going to $2+ in 12 months and the Company is now starting to grow then why would you even consider selling if you're truly an investor? I don't want this to sound like hype, but it is pretty well accepted that the markets TSIG are in are just starting to grow significantly. Secondly, there is a complete new management team which appears to be top caliber. Thirdly, the CCI component should be able to grab a good share of its market... besides bringing publicity and more business to TSIG. Fourthly, Gordon is a deal-maker... and apparently a good one. Between Gordon and the new management, TSIG is, IMHO, a winner... and no, I am not a friend of Mr. Gordon, nor have I ever spoken with him. My shares are locked-up only to be considered for sale at $50.00+. To each his own and everyone has to make their own decisions based on their experience and DD. And yes, as has been alluded to there may be more dilution... not known, but possible, but if the cash brought in results in a 10% dilution and TSIG grows geometrically because of the new inflow of capital... IMO it's a good deal. I've never seen a Company grow without cash, but the new management must feel the huge potential is there. They put their money where their mouth is and I'll gamble with them. Best wishes always, Marty