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Saturday, August 05, 2006 9:18:20 AM
I expect audited financials to take 2-3 weeks, minimum.
At this point, people must make a long term hold decision based on faith in the picture presented so far. I don't blame any pinkie player for being skeptical, as faith has been sorely tried in the past for people in other companies.
However, I have made the personal decision that the preliminary picture is very promising, and as you said, provides bargain entry points. I bought last week on faith, and was rewarded with nearly a 100% profit for a few days wait while the reorganization reflected in my account.
When people look for 100% confirmation, they also miss opportunity. This is a risk/reward tradeoff that each must make for themselves.
IMHO, I happen to think the reward potential is worth the risk...I cannot speak for others, or blame them for waiting.
My sense is that once the numbers are confirmed, there will be stronger buyers, ironically at higher prices.
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