Good day to you, Rich,
That was one of the best posts you have ever put up on the thread.
<< Marty, there's one last thing I'd like to note. We cannot ignore the fact that TSIG is traded on the bulletin board. Certain behaviors of BB stocks are almost predictable. Whenever a BB stock spikes north the bashers, (day-traders,) will always show up. (It's always easier to scare someone into selling than to talk someone into buying.) However, in my sincerest and humblest of opinions, and without any inside knowledge, just armed with the same understanding of The Card as I have been since my first day of awakening to its immense potential many months ago, these predictable behaviors, they too will pass. >>
We are essentially in complete agreement about this... but with a few minor, but germaine differences of opinion perhaps. BB or Nasdaq or Big Board really doesn't stop the day traders... they will always be there and that's fine. But what, IMO, is different is the caliber of day trader involved... and I believe you can verify this with anyone with significant market experience. The penny stock BB trader differs from the $2 trader who differs from the $5 trader who differs from the $50 trader. As the price level of a stock rises, so does the size of the pocketbook as well as the sophistication of the trader. Most successful professional daytraders who actually earn their living trading (not too many of them do) don't even know what some of the companies they trade even do... nor could they care. They are in and out (sometimes with the same stock) many times every day and usually close their books flat at the end of each day. Many do 30, 40, 100 trades a day scalping what they can. More importantly, they do not have the time (or interest) in trying to hype to do a pump & dump or to bash. They spend their "free" time scanning screen after screen looking for the next day's potential plays to put up on their level 2 screens.
Position traders are a different breed, but again IMO, there are differences among these traders as well... depending on the price level of the stocks they trade (or take a position in). How many members on this thread (or any other on SI or RB) can afford to buy 10,000 shares of 5 to 10 different stocks trading at $50.+ a share? That's not a put-down... it's just, I believe, a fact. That's the reason I personally use professional money managers to handle the bulk of my assets... they have the time, the talent, the expertise, and the experience. People, including myself, who buy BB stocks such as TSIG should be prepared to do their DD and make a decision that this is a long-term investment. If they are correct and continue to do their DD, the rewards in their investment down the road... as long as it may be, at least IMO, will far surpass their trading efforts. If Warren Buffett or Peter Lynch ever read some of the bashing or whining posts on this thread they would probably respond with "ROFLMAO" (actually if I ever heard they were even looking at SI or RB... I'd be ROFLMAO). There is no greater opportunity for an investor than to come across a young new company with the potential of TSIG and ride it to the top. Where is that top? I'll let you know my opinion when the growth stops. Right now it's only beginning.
Perhaps, Rich, that is one of the reasons I don't get concerned about TSIG's float (which so many people here seem to be concerned with). A larger float brings stability to a stock price... as long as earnings appear and continue to grow and, IMO, worrying about non-existant PE ratios at this stage of its' development is ludicrous. Perhaps a thin float is a trader's dream (if they happen to be on the right side of the trade), but it can be an investor's nightmare.
There is also another factor which I believe many are overlooking... but perhaps that is also part of the short-term trader's way of thinking vs. the way an investor thinks. My first computer was an Apple IIe. My next was an IBM AT... a 286. Then came the new guy on the "desktop" street... Compaq, and in 1985 I got one of the first Compaq 386's... a 16MHz powerhouse with a "huge" 40meg harddrive and 1meg of ram... all for the bargain price of $5500.!! What's my point? Simple! In those years, Apple, IBM, and Compaq had the lion's share of the desktop market. Not so today. Dell, Gateway, etc. didn't even exist then. Are their computers really any different or better in any significant way? I don't think so! So what is the difference? These newcomers built a better mousetrap... no, not the computer, but the way they marketed them. And that, IMO, is just what TSIG is doing. TSIG has, IMO, come up with a marketing formula to make the "card" a cash cow... while at the same time providing the same goods as the competition at a lower price overall. Don't misunderstand me, Rich. I believe the site will be ready and the PRs will come out in time for the magazine ads and other planned publicity for this year's holiday season. But, I didn't buy TSIG for Christmas season 1998... I bought it for years of growth. The "card", IMO, is cash and king... the cd sales are just the vigor so customers buy more cards. They get a good deal and we get a good deal. IMHO, a win-win situation for everyone.
I probably should have sent you this by PM, but after reading it over I felt others on the thread might be interested in my thoughts.
Best always,
Marty |
