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Mahsoon,
Quote:
Apparently I feel the ability to be more patient and watch/wait.
I sure wish you the best. If I had that ability, I would have a ton of money. Although I like your idea of waiting and watching, the rub is what happens if some type of deal is announced soon. It will happen suddenly, and you will be fighting to get back into the stock. I truly believe the days of .042 prices will be all but over at that point.
GLTY
Manshoon,
How do you know Mike is not correct? Please explain why specifically so we can understand your point and comment....
I agree with you Mojo.....
elichen,
The Santa Surprise -- Trying to predict the future is impossible. I just go by my gut feelings, and I truly believe big news is coming out BEFORE CHRISTMAS, possibly before Thanksgiving.
Therefore (IMHO), hold the course. Many times, proverbs are correct in every day life. Proverbs such as, "patience pays off," and "good things come to those who wait" really fit the situation perfectly right now.
I am very flexible and patient, so even if news does not come out this year (and I believe it will), there is next year. I know I will get criticized for the talking about next year. I can hear it now, but these negative comments make me even more certain that news is coming. Right now is the calm before the storm. Once news comes out, trying buying shares. It will be very difficult!
So, load up at these prices, and wait for the news to come. IT WILL! Again, those who are negative and do not believe or those who have no faith and confidence in the company do not belong here. This is the case with every investment!
Silk,
Another good post filled with common sense, rationale, and insight. I agree with you 100% about November. I just have a good feeling that we will be blessed and very thankful by Thanksgiving.
We are very very lucky to have a CEO like Kim Thompson. Naysayers will diagree, but I know how much of an asset he is to us and the company.
GO KBLB, AND GO KIM.....
Es1,
Nice job...you are right on target, and I agree with everything you said...Keep fighting the fight, for one day very very soon, Kim WILL silence the naysayers with a deal or two or three. Then, we will see what they say....
Silk,
You have to understand that retiring takes effort, hard work, patience, and personal responsibility. I always paid myself first, and I socked away as much as I could afford. I never spent money on a new car.
KBLB should be part of your future retirement package, but as a smaller percentage. The bulk or your assests should be in mutual funds or blue chip stocks. Plan on holding them for as long as you can. Buy quality, be patient, and hold.
KBLB is run by a responsible man, one I consider to be the best person we could ask for to run our company. He has his critics on this board, but after forty years of investing, I know what we have in Kim Thompson. I know quality when I see it.
Never put more than you can afford to lose in any one stock, especially a penny stock. While KBLB has the potential, one never knows. I just happen to feel good about the possible future the comapany has.
Never depend upon one investment for retirement. This is a road to disaster. Sock away money every month into a great mutual fund like the Vanguard Wellington Fund. Put money there every month until you are ready to retire. You will be very happy.
Mojo,
Quote: "yes...thats what the smart money does with pink sheets...they utilize PATIENCE...they dont buy shares of a dream and hope it all magically comes true..."
You seem to be confused again. You have to separate companies which have little hope of success (95% or more of pink sheet stocks) from companies which have a proven, game-changing technology ("disruptive").
You also have two major universities invovled here. Notre Dame is the more actively participating of the two, and neither university would associate itself with some pipe dream. Plus, involved are several of the most respected scientists in the good old U.S.A. This proves to me that KBLB is a respected vehicle through which these universites and all those who own KBLB shares will succeed. There is no magician hiding anywhere, as is necessary with most penny stocks.
This is the only thing you correctly stated when it comes to KBLB, PATIENCE. I believe some announcement will occur in the "near term," just like Kim said. This why I am still buying and will continue to do so whenever the price dips around .0425 or less. At these prices, KBLB is a gift. Very shortly, we will all be saying, "we should have bought more."
Now, I am sure you will criticize the phrase "near term." You see, this is where PATIENCE comes in, and you seem to lack it...
"as im sure you know, it wasnt the first shareholder letter either..."
You did not understand. This was the FIRST letter with specifics in which he named exactly where he felt the first deals would occur. In this letter, he also stated his concern about making shareholders a priority, a concern that you had and many others.
Now, you have two choices. You can believe Kim and hold, or you can not beleive him (as you do) and sell. The choice is so easy and clear (like the up-coming election).
"i wouldnt hang on kims every word...hes the ceo..if kblb is to go bk tomorrow, he'd be telling you today that everything was going great.."
Again, it is soooo easy. You can believe him or not, the choice is yours. You seem to criticize everything he says and does. Since this is the case, your choice should be easy.
"why not just turn "near term" into a year...or two years?.." As I am sure you know, science is not exact. Sometimes, things take longer than expected. Again, you can choose to be here or not.
I am buying more, because I trust and believe in Kim. Since you do not, again, the choice is clear. Why torture yourself? I do not consider KBLB to be your "typical" pink sheet stock. They have a real "disruptive" technology. This is why I am dollar cost averaging. I agree with you that doing this with all penny stocks is like rolling the dice, except that KBLB is not like ANY OTHER penny stock.
"been doing that for some time now...has worked very very well for me...hows yours workling out so far?..."
Let me tell you this. I RETIRED at 52 years old. I am now 60, so things have worked out pretty well FOR ME so far. My house and car are paid off, and I live in paradise, the Villages, Fl. I live on a golf course with the view of a beautiful pond filled with all types of birds. Therefore, MY plan has worked out very well. I believe in Kim and Ben. I trust them and respect them.
You don't, so your choice is easy.....
Mojo,
As I am sure you know, the recent shareholder letter from Kim was not published six months ago. I feel the letter makes it quite clear that something big is coming in the "near term," as Kim stated.
Therefore, I am giving Kim the benefit of the doubt and extending
"near term" as far out as six months, although I am thinking something will be announced before then. So, I feel very confident in my statement that we will all regret not having purchased more shares once a deal is announced.
You state, "anyone wish they had bought more back then?...lol" I do not consider investing to be a laughing matter.
As I have said before, it is impossible to know what price to pay for ANY stock or when exactly to buy. Therefore, to minimize that threat, one should space out purhases.
This procedure is called dollar cost averaging. I have been buying all the way down so that my average is less. I bought more yesterday, and I will buy more today. I plan on continuing my buying until a deal is announced. That is my plan. What is yours?
Nobody,
I was busy buying today, and I will also be buying tomorrow. I just cannot let these prices pass without adding to my positions. IMHO, the stock is dirt cheap. I know some of you will say that it is cheap for a reason, but I look ahead, and I truly believe this stock has great potential.
It has a disruptive technology, and that speaks volumes for me. I have faith. Those of you who do not have many other venues from which to choose in the market. I choose to believe, and I choose to be here!
My prediction: we will all look back six months from now and say, "damn, I should have bought more..."
Hi Mike,
You did another great job of defending and explaining yourself when it comes to the potential KBLB has. This, in fact, is the reason why we are all here, to watch a latter stage developmental company grow into an income producing endeavor.
It is refreshing to read your posts after the bashing the company continues to UNJUSTLY receive.....
King,
I agree with you, and I concur that Jose found an excellent article. After reading it, I feel even more confident.
KBLB is a real gem, and I just cannot wait for the big news to come in the way of a deal. I know Kim is patiently working to prepare his company for growth, and we will all be happy when it all comes together.....
Nobody,
You make good points. In the words of one of my favorite posters, "Git'er done and let'er run!"
Mojo,
That is YOUR opinion...Many do, and that is my opinion.
Nobody2,
I could not agree with you more about everything you said in this post in regards to Kim and the enormous potential KBLB has.
Remember, no one can stop us of from dreaming, especially about a company which was mentioned in the PNAS and is affiliated with two major universities and some of the best scientists in our country. Such credentials lead me to believe that our dreaming will lead to succeeding, GIVEN TIME.
I just wish you would break up your post into more paragraphs. The older I get, the harder such condensed material is to read.
Nicely stated.....
Mojo,
Since I am unable to send you a private email, I wanted to tell you that I left out a key word in the post to which you refer. I was interrupted while posting, and when I returned, I forgot to double check what I had written.
The key word is "avoiding." Therefore, one should be "avoiding greed and fear." Hopefully, this clarifies your confusion.
GO KBLB!!!!!!
Mojo,
You quote, "all the proof in the world isnt enough for some dreamers..."
If someone wants to spend his/her money investing in this company, why can't they? Plus, HOW DO YOU KNOW for sure that Es1 OR ANYONE ELSE ON THIS BOARD IS A DREAMER. Prove it!!!!!!!!! I am waiting....
Like you and Manshoon constantly espouse, "I WANT PROOF." Well, so do I! Prove to me that all of shareholders in this company are dreamers. You and Manshoon couldn't prove this if you tried!
You state, "which is exactly why i dont bother trying to prove anything..." You don't bother, since you cannot prove anything, just like we cannot prove whether or not this company WILL succeed. We have dreams, and as long as we know we have a good CEO (IMO), and we have a game changing technology, and we are WILLING to accept the risk, then we can dream all we want.
For some reason, you and Manshoon make us dreamers your obsession. Do you fear that this company may succeed? I think so, or you would not be so involved in EVERY syllable anyone says.
Dream on brothers....
Great post, great post, great post, great post, great post.....
Whiteface88,
Your question to mojo is right-on...."But, why expend so much time and energy trying to convince those who believe not to believe. Why not just leave them in peace and let them believe?"
EXACTLY...a question I have been asking of Mojo for a year and a half and one I HOPE HE ANSWERS....
Great post Whiteface88...
Mojo,
I think KBLB is "that pot of gold at the end of the rainbow..."
SOMETIME in 2013, when full scale production begins, the company will be on its way. All we need is the PATIENCE to allow that time to come...
Nobody2 said it perfectly in post # 48112, especially the last line when he says, "we maybe a development stage company BUT I would argue at a mature stage of development .."
That analysis is very perceptive and accurate (IMO).
Manshoon,
I am fairly certain that nothing "big" will occur this year. However, full scale production will begin sometime next year (IMHO). I believe that this is the course of action.
I am sure that this will not satisfy you or Mojo, but as I have said over and over, such investments require PATIENCE. If an investor is not willing to exhibit patience, then this is not the investment for him/her.
I was invested in one penny stock years ago. The company went into production too soon, could not keep up with the demand, and went out of business.
I am not a scientist, but common sense tells me that it takes TIME to reach a point where sufficient quantities can be produced without jeopardizing the company. Patience is a virtue, one lacking today in the investment world.
Boldcab,
Great post...We CAN celebrate a 52 week high all the time waiting for a certain rise in the quarterly dividend. I feel that is in the cards for next year.
Like I said earlier, I feel .19 a quarter is a reasonable amount, a yearly increase of .08 a share.
That is well-within the power of the company, and it would present no threat to earnings. Again, I feel GE will be back in the low 40's in five or six years. Along the way, we get a dividend well over 3%. Not bad.....
Phud,
I agree with you about the .19 dividend. That sounds like a reasonable increase.
As far as the time between the x-div. date and the payout date, it could be due to the tremdous amount of shares outstanding. Today, for example, 33.5 million shares traded. That is a huge amount of shares traded in one day, but GE is a huge company.
Due to the amount of investors in GE stock, perhaps it takes time for company to payout the dividends to soooo many people in America and around the world. Of course, I could be totally off base, but that is all I could think of.
Harold,
Isn't is beautiful...We get that great dividend payment today, and the stock goes up .66.
At least for today, we got the best of both worlds..GLTA
Slick,
You are correct. I just do not subscribe to restaurant stocks, although I made good money with McDonalds. They are now opening up vegetarian restaurants, so they are keeping up with growth.
Oil is the most important commodity on earth. Right now, oil stocks are on sale. They too will come back strong, like gold.
On the other hand, GE makes things the world needs, especially medical supplies. I have never had an MRI or a Cat Scan without seeing the letters G.E. pasted across that machine.
Anything related to medicine is golden, yet GE is so much more than just that. Yes, buy the best, and forget the rest!
Yes, sorry about that. I forgot about XOM. In over forty years of investing, I have found that XOM, CVX, GE, PG, KO, PEP, and MCD are, in my opinion, the best stocks in the world to own.
The beauty about GE and all of these stocks is that you can buy them directly from the company with no commissions. If you go to their websites, you can find a form where the company will take out money out of your checking account FREE each month. You reinvest the dividends, and you are on your way.
GE is the type of stock any young person should own. By purchasing it every month for thirty plus years, that person should be ready to retire comfortably. Dividends matter, and GE's is a great one.
Very informative post, Phud. I just may buy some of those bonds, since I need the income.
Stocks like GE and KO are among the best stocks in the world. As I said before, GE will be touching the low to mid-forties in five years. I love that dividend and from now on, it will continue to slowly increase, so we get a raise every year while we wait for the share price to increase.
Slick,
I remember that like it was yesterday. It sticks vividly in my mind. This is the guy who is advising Obama on our Economy.
However, I still think the company is on track to regain its mojo. Despite Immelt's left wing lunacy, he seems to be turning this huge ship around.
If Obama wins, taxes will go up big time in January to pay for Obama Care. If this happens, then all bets are off. I will sell GE the day after the election IF OBAMA WINS!!
BJ,
GE is moving jobs to China. The entire jet engine division is moving there.
The joke is that Jeffery Immelt is on Obama's Economic Committee for job creation. We have Obama saying that Romney is moving jobs to China. What a crock...Obama's main man is sending all of the jet engine division jobs to China. Talk about HYPOCRACY!!!!
Phud,
This is why it is sooooo important to reinvest your dividends unless you need them. Compounding is a thing of beauty.
GE is back on track to return to the 40's again within the next five years (IMHO). In the meantime, you sit back and collect a generous dividend.
Of course, as with all investments, they must be monitored very carefully. If the investment horizon changes, I will move on. For now,GE looks great!!!!
Canary,
Like an idiot, I did not buy GE when it was down to $7.85 five years ago. I could kick myself, but at least getting in now is better than never....
Five years from now, we will smiling.....GLTA
Slicknyer,
I agree with you 100% about G.E. I owned it for tweny years, and I sold it about a year after the last 3 for 1 split before Jack Welch retired.
G.E. is finding its footing again, and I predict it to be in the mid 30's in three years. Plus, you are getting a great dividend along the way. Of course, if you are young, it is always a good idea to reinvest dividends.
Good post....
Ocho,
You comprehend/understand what is REALLY going behind the scenes with KBLB. You and a select others know the potential of this company.
However, I just get tired and frustrated on this board anymore from the continuous blather and useless fiction which a few posters propagate. This is why Zinc no longer posts.
We are losing the reason for this board, to discuss reality NOT A WORD GAME OF SEMANTICS AND FICTIOUS OPINIONS MEANT TO CAUSE PANIC AND AFFECT THE PPS.
Maestro,
I still cannot understand why you refuse to make more money just loading up and being patient. If you hang on several years, you will make much more money than trading.
You will make your scraps by jumping in and out, but that is not a good investment plan. The future is about making money and to do this, one must be PATIENT. Trading in and out is a bad idea.
Maestro,
In Italian, this means "teacher." However, I beg to differ with your investment philosophy.
If you want to make REAL MONEY, not just chump change trading, buy as much as you can, and hang onto it for five years.
That will make a world of difference in your return. Like I have told Mojo over and over again, jumping on and off the the train does not make you the REAL MONEY. Only time and patience will do that.
Therefore, you should buy as much as you can now, and give the tree time to grow. It takes too much mental and physical effort to time the market. Jumping in and out will not change your life style. Time will.
Waitingtoexhale,
You are a smart investor. You have kept quiet and held your shares for years through thick and thin. You have exhibited PATIENCE, and now you are starting to see the results of that. This is exactly what it takes to be a good investor.
Keep up the good work.....
Ocho,
I agree with you 100%. Hopefully, now the bashers and all of the people on this board who are constantly bashing Kim will do the following:
1. Let Kim do his job without constant whining and criticism of him.
2. BE PATIENT, and do not expect Rome to be built in one day. Things take time, and the more patience we exhibit, the better off the company and the PPS will be.
3. For those of you who find continuous things to moan and complain about, move onto another stock, and give us peace.
PERIOD....
Dawn,
"...trying to buy and sell hasn't worked out for me." It usually doesn't. No one on this planet knows the best time to buy and sell. I have told Mojo this countless times. TIMING THE STOCK MARKET IS IMPOSSIBLE. Many professionals have tried and died, so how can we do it.
This is why I tell people to investigate any company well, and if you feel it has potential, then invest in it. If it goes down when you buy it (and that is a 50-50 chance), then you can buy more or sit tight. If it is a good company, it will come back. All this investing stuff takes patience, and people who jump on and off of stocks have none.
As I said several other posts to Mojo, set up a monthly dollar cost averaging plan with a balanced mutual fund (50% stocks 50% bonds) like the Vanguard Wellington Fund (Call Vanguard and ask for an application and systematic withdrawl form). They will take as much money as you want them to out of your checking account. They pay a good dividend, so reinvest everything. The more you put away each month, the more money you will have at retirement.
And, if you have extra money, keep buying KBLB at these prices.
Mojo,
You state, "you will lose every time all day long...you jump on and take the ride and get off when it's gets to your "stop"... "
Man, you make it sound so easy. If it were THAT easy, we would all be millionaires.
You quote, "It's almost always a bad idea to compare a penniless company with no sales (kblb) to an enormous, profitable conglomerate (coke)....they are worlds apart...best to stay on earth..."
The risk is much much higher in KBLB than KO, but if you have faith in KBLB as I do, then you require the same thing to be successful here as with KO, PATIENCE. Again, both cases depend on the actual performance of the company. Should the outlook change for either company, it is time to sell. This is why one must monitor investments consistently.
Quote: "So now we get to your coke investment...you were holding coke for years while it went nowhere." I NEVER SAID THAT. What I said was that I held it through two splits (250 shares to 1,000 shares).
I did not mention in that post that I did sell the stock, since its growth aspects at that time seemed tepid at best. Therefore, I did NOT hold KO for the eight years it did nothing. THIS IS WHY YOU HAVE TO CONTINUOUSLY MONITOR INVESTMENTS.
I bought other stocks when I sold KO. Therefore, there is NO SAD STORY HERE, only in your mind. I was deeply invested in the dot com era myself also.
Quote: "Buy and hold for years thru thick and thin is the way grandpa invested...those days are gone...7 years to double your investment?...I gotta tell you...that don't sound like much to me...but to each his own.."
Again, you make investing sound so easy. Perhaps you should write an investment book. I am a retired teacher, and I always showed my students how to have money by the time they retire.
I would tell them to invest in the Vanguard Wellington Fund (a balanced fund, half stocks and half bonds) and have them systematically take out money every month. The fund pays around 3% reinvested every three months.
If a person in his/her 20's puts $150.00 or more each month into this fund for 30 years, he/she will have a boatload of money (unless you have no faith in America - I do). Therefore, the idea of investing long term is still alive and well.
What do you think people do with their 401k's and 403b's? Monthly, they invest money into stocks or mutual funds. Over their lifetime, the money grows. Of course the last ten years have been hell for all investors, but that too shall pass. Therefore, this idea that long term investing is dead EXISTS ONLY IN YOUR MIND.
See, few people have the time and all the experience you do to jump in and out of investments. Most people work!
You say, "But to equate that with buy and holding a pink sheet, money losing, one man band of a company that has not been able to sell a product that they have had for 2 years....well like I said in the beginning, it just don't compute..."
You continue to belittle KBLB and Kim Thompson, but yet you are still here?
AGAIN, I ASK YOU TO ANSWER MY QUESTION WHICH I HAVE BEEN ASKING YOU FOR MONTHS NOW, why are you here? Why do you care about making so many negative comments about a company which you belittle and HAVE NO FAITH IN?