Entech Solar, Inc. (fka ENSL)

[saigai]

repost from another forum great read

to play WWAT.OB (5 Ratings) 2-Aug-07 09:04 pm I have invested in dozens of speculative stocks over the years and made millions from them, although losing a lot of money on some.

The bottom line is that speculative stocks are by definition volatile because they are are startup companies that dont have any track records. You are either going to make a lot of money or lose a lot of money and you arent going to know which way the bug is going to crawl for a long time.

I have learned to handle the uncertainty by segregating my speculative stocks into a separate account and then ignoring them for six months. Odds are that in a six months time they will have spiked down 50% or more from your purchase price and spiked up 200% or more then fallen back to your purchase price and spiked up and down again and up again. It will make you sick trying to deal with that volatility.

So put 'em away and ignore them for six months. Odds are that if you have done your DD correctly most of your speculative stocks will be higher. That is because most investors dont know how to play risky stocks and discount them more than they should. Thus they stay undervalued most of the time then finally shoot up when solid news is in.

Based on the Fresno and Spain Contracts I look for WWAT to be $3.50 in six months and $5.50 in a year. But I sure as hell dont want to look at the stock price every damn day between now and then.