Sunday, July 15, 2007 9:17:34 PM
by this, are we to conclude that you have decided NNSR is ALSO a cheap piece of crap?
If so, too bad you did not do enough DD to come to that BEFORE going LONG.
IMO, NNSR is a small struggling BB stock with much potential, using licensed technology, attempting to begin the path of profitability against the odds...
while being very accessible and honest in its filings and communications with those of us who are LONG and both SUPPORT, and BELIEVE, in it!
Yes, we would all like to hit that home run... but why DEPRESS yourself and those who read your posts with overwhelming negative expectations? If I am sorry I own a stock, I usually sell and move on... rather than waste time and effort just being a vocal critic!
I have one exception to that rule: THC (actually I have never OWNED it)... known as National Medical Enterprises (1970s-1992)/Tenet Healthcare(1992-present)...I do make an exception for the MOST corrupt public corporation of the last 30 years... I cannot resist criticizing a company that has stolen at least a BILLION dollars or MORE from insurance providers, patients, and US taxpayers not once, but twice since 1992 and has not been fined OUT OF EXISTENCE by the feds! In fact, not a single executive has ever been jailed! The CEO, Jeffrey Barbakow, was the highest PAID CEO in the USA in 2002... the year the $1.6 billion in Medicare fraud was discovered... and the stock plunged from almost 60 (to the present 6+)... and has lost 90% of its market value since then! Book value went from 12.50 to 0.35/share... a loss of 97% in book value!
Actually some of the best prospects come from "tips" posted on boards... it REALLY is MY responsibility to check them out to see if they are worthwhile!
Tip: check out Seabridge Gold! read posts on the SA board...
Some prove to be very lucrative... I think NNSR will fit this category in a few more months!
JMO...
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
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