Mr. Forthright, Mark C provided an excellent response to your question, based on his reasons for investing. I would like to reply from my own perspective, as I don't consider you as a "basher" but rather an intelligent person who has had some unfortunate experiences with scams in the past (so have I). Unlike others who come onto our thread bashing the stock, yet claiming they are here to save us from whatever, I do believe you are sincere in your desire to obtain information, educate investors, and who knows -- maybe even invest.
About the rally. DGIV had a series of announcements up to a couple of months ago, then for reasons only they know, they went into a silent period until last week. When they came out with a news release at midnight last Friday, there was a lot of excitement, particularly because the announcement answered a lot of questions we all had about their technology -- mainly whether or not they supported H.323 protocols and open standards. Their news release stated that they signed with Natural Microsystems and Nortel for gateways, two of the leading manufacturers. There were some other things, but this, IMO, was the major announcement.
This was a technical news release, and while absolutely necessary and important, I felt that too many were getting carried away with thoughts of a quick rally. This concerned me because I and others do not want to see quick rises in the price that are not based on fundamentals, because such rises draw day traders, shorters, etc. In addition, many of us have learned painful lessons from mistakes we have made in other stocks. I think you know what I am refering to. So some of us were urging caution, and I do believe caution was exercised.
We did have a nice tempered rally on Monday and Tuesday, but the rest of the week saw the price fall back. Interestingly, on some of those days time and trade reports showed more buys than sells, but we are used to that. For us longs, that is not important, particularly since DGIV still has not released financials and is not listed. Until those two events happen, this remains a risky stock, with tremendous upside potential, for sure, but still risky. No one should be invested in DGIV or any other non-reporting BB stock unless they understand the risk and can afford to take losses should they occur. I am in this stock for the long term, so whether it goes to 2 or 4 in the near term is not important to me. What it does in 3 months, 6 months, a year or two, is much more important.
For those who have been here since March, we have been subjected to every imaginable attack. However, this has made us stronger, in that we have dug up as much as we possibly could and have made DGIV, IMO, the most researched non-reporting company in the BB world. I know this is no substitute for an SB10, which we are patiently awaiting, but under the circumstances, and since we have chosen to take the risk, this is what we have to do. We are still subjected to attacks from those who are never satisfied -- who questioned DGIV's H.323 compliance, for example, then when it is proven they will not acknowledge it but move onto something else. It gets very tiring, but such is the territory of OTC-BB investing.
This is a long answer, I know, but I think it is important that you and others understand what we DGIV investors on this thread are about. We do not like hype, we do not like day trading, we do not like shorters. But we do support each other, and have our share of fun. And when good things happen, we do get emotional, as we are human. |
