To: blevinz who wrote (4388 ) 7/10/1998 9:40:00 AM From: Rob B Respond to of 8879
Dear Blevinz, While I appreciate your concerns you mentioned, I do not necessarily agree, for the following reasons: *********Caution, long post to follow***************** 1) I do not have much sympathy for anyone who does not avail themselves of readily accessible data prior to making an investment decision. When I first heard about this stock, I found AND read (key point here) from the beginning, each and every chat thread I could find pertaining to GLOW. I checked Edgar as well as other sources I normally review prior to making my first buy. I also waited and tried to determine trading patterns and the reasons for those patterns (there are always reasons, the only question is are they obvious). When I felt comfortable with what knowledge I could gather, then I started buying in blocks, not all at once, taking advantage of the normal price dips. To date, as I watch management's words and corresponding actions, my comfort level has only grown more solid. The lies and deliberate distortions presented by TGW and MMPro are too transparent to me to have any affect on my comfort level. Now, why don't I have much sympathy for those that haven't at least done the level of checking prior to purchasing their GLOW stocks. Glad you asked.... 2) Those that have not developed their own level of comfort based on a personal accumulation of knowledge, whatever that may be, are swayed by the likes of a TGW or MMPro and (key point here) are the first to sell their shares at any downturn. This (key point here) accelerates and magnifies any price drop directly affecting the value of the long investors portfolio. If you are still in the accumulation phase, that can be a good thing, if you buy on the dips. However, if you already have your portfolio built, then constant dips are not a good thing, because it erodes the base support level and needlessly extends the time it takes to build the stock price up to where it should be. I thought of an auto analogy that might illustrate my point... For each and every car I have ever owned, one of the first things I've done is to (and I understand this is actually fairly rare according to the auto industry surveys) read the owners manual that comes in every new car. Why? Well, for those that don't know, besides telling you what all of the features of that model have and how to work them, there is also a section on maintenance schedules (owner responsibilities). I read them so that I am not swayed by people/companies out in the world who have their own agendas. Specifically, places like Jiffy Lube and Quick10 oil changes who repeat an overly simplistic mantra of "change your oil every 3000 miles" (or else...my words). Guess what? This is a needless waste of money for most drivers because the manufacturers indicate 5000-7500, sometimes as high as 12,500 miles between oil changes. The quick oil change businesses also try to push synthetic oils and additives like Slick 50, all very high profit margin services/products. Guess what? The owners manuals now tell you that you don't need them and some may actually void your warranty. These misleading and self-serving products and services are analogous to (hmm, let's see...) TGW and MMPro, maybe? So, to wind this up, if there are lurkers and newbies that have done little or none of their homework, then I am not interested in protecting them because they will only hurt those long investors who have done their homework. The sooner they learn of their "owner responsibilities" or sell their "vehicle", the better off the rest of us will be and the higher our stock price will be. Dissenting opinions are welcomed!