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To: flickerful who wrote (3056)7/26/1998 9:22:00 AM
From: Gus  Read Replies (3) | Respond to of 17679
 
Interesting article.

"To be successful in micro-cap investing, one must possess a rare combination of psychological characteristics.....

...Sixth, development stage investing requires enormous patience without a sense of drivenness that often accompanies investments in exciting new products. To remain with a company while it makes the transition from development stage to marketing company usually strains the patience of the most dedicated investors. Companies do not make this transition without major product glitches, changes of management, law suits, and temporary financial problems. Investors do not succeed when they are consumed with the next press release or 10% move in the stock price, or the next quarter's numbers..."


The Psychology of Investing
By Richard Geist, Ph.D.
w3otc.com



To: flickerful who wrote (3056)7/26/1998 3:34:00 PM
From: Hal Campbell  Read Replies (1) | Respond to of 17679
 
Very interesting, Randy ....and of particular of interest to me ( and to Al I would think). An area of completely untapped potential. Karen mentioned this board's audio suggestions to Ed, and he said that is indeed something they are considering...as is home theatre - the most rapidly growing audio sector right now - but that for now their immediate attention is focused elsewhere. Perhaps someday they will take full advantage of their legendary name in those arenas. As with so much of AXC ....Someday is the word.