uWink Inc. (UWKI)

[the big guy]

IMO Patience = waiting until just the right moment to buy, patience does not mean buying and then being patient.. that just sucks.

when I started I had this thing .. MTM. Mitec Telecom. small telecom company in Canada. I read in the paper one day that it had gone up because Nortel had gone up.. I thought hmmm. I bought it. it went from 1.x to 4.xx for absolutely no good reason other than following Nortel. Nortel was one of those companies in 2004 that everyone thought they had to have, including me. Because it was once at $120. Nortel cooked the books and got back up to 10.xx. MTM was just riding the coattails. I sold.. then I bought back in as it went down. at 2.x 1.x. Thought i was a smart guy. Play the ups and downs. No, I was stupid. Lucky in the first place, but at least I recognized the opportunity. Really stupid to buy back. Was not patient. It had no reason to go up to 4.xx in the first place.. I lost a good portion of my previous profits.

anyway. look at things as they really are.. and be patient. Don't just buy more because it is lower. where would it have gotten you with UWKI? Where are they going to end up in another qtr, based on what you know?

btw, MTM is now at .10.