It makes less sense to keep buying + holding a company ,,,
that is never profitable and only trades lower, for months.
By definition, old longs, who keep 'averaging down' ,
are the clearest losers here in copi.
And, there is clearly no rush to buy any more copis.
Even copi's own CEO admitted that he only hoped that copi
might be 'cash-flow-neutral' by Q2. Which means, to most :
1] copi lost more cash in Q1, which won't even be Filed
until late May. [The copi CEO Could Admit that FACT, since
Q1 ENDED Last Week, and he KNOWS the numbers, and they are
NOT GOING TO CHANGE.]
2] copi will lose more cash in Q2, although it might be
neutral for a week at the end of June. And, that won't
even show on the Q2 Filing, which won't even be Filed
until late August.
3] And, in Q3, copi is supposed to quit 'deferring' its
'exec' salaries, and start paying back previous deferrals.
So, Q3 is expected to be another loser, if accounted for
fairly. And, that won't even be Filed until late November.
4] Then, it is unlikely that Q4 will make up for all of the
losses in Q's 1 + 2 + 3. So, the 2008 10-K will document
the unbroken string of copi losing years. And that 2008 10-K
won't be filed until late March 2009 , or later.
So, there we are, a year from Today, with copi still
hoping to be almost profitable.
But, in a year from Today, copi will have had to cut its
rates by another 60% [according to Moore's Law], and copi's
CEO will still be hoping, and the longs will be hopping mad,
and a few will still be claiming that they are still loading
their boats + backing up trucks + picking up cheap copies,
in their never-ending strategy of 'averaging down'.
Meanwhile, the only ones making money in copi are the
flipping longs + shorts, and the copi 'execs' , who are
about to quit deferring their salaries.
extra, Sincerely. And only IOO, as usual.
P.S. ; Even an empty shell is a better investment than a
'company' that has revenue, but Always Loses Money. The
always-money-loser Must dilute or go BK. While the shell
can just stay clammed up, fiscally + verbally. And, gamblers
can still trade profitably on the price bounces, caused by
continuous + alternating rumors. And, there is No Risk of BK,
so, a clean + clammed-up shell does not even have to have
a long-term downtrend. So, it's a much better bet than
proven long term cash burners, like copi [+ swvc + wnbd].
Averaging-down is profitable, for shorters, only.
