Hey downside, I thought I would see if you by chance noticed a couple of things out there:
I have listed some stocks, and their high of the year and their current price:
GM - Hi $29.95 - Cur $2.88
GE - Hi #38.67 - Cur $12.94
GOOG - Hi $724.80 - Cur $259.56
IBM - Hi $130.93 - Cur $71.74
C - Hi $35.29 - Cur $4.52
BBY - Hi $53.90 - Cur $17.42
UPS - Hi $81.82 - Cur $49.21
AAPL - Hi $202.96 - Cur $80.49
AIG - Hi $62.30 - Cur $1.44
I dont need to continue that...but I do believe that yesterday, there were over 130 US "blue chips" that were currently trading under $10 for the first time in years. I also believe I heard that yesterday's close was the lowest in 11 years on both the DOW and the S&P 500. I am 71 years old, so I was born in '37, after the crash of 1929. We had tough times. I remember my father and grandfather used to talk about all of the men they had known that had so much before and now they had nothing and were wandering the streets of the city looking for whatever handouts they could get. These are men that had great wealth before and their lives were never the same.
These are very tough times and these tough times impact us all, regardless of where we were at the start of this year or last. This country is in crisis. It's people are in crisis. It's economy is in crisis. I know people here that ate out every night, and now they remember where the grocery store is. I know people here who are trading in their Mercedes for Toyotas. I know people here that are selling their jewelry to make the mortgages of the homes they are stuck with. People bought homes they never deserved to own thanks to unscrupulous marketing practices of many in the mortgage industry. Banks are in trouble, companies aren't turning a profit. At this same time last year, SBUX reported approx $197 million in profit, but this 3rd quarter for them was $5.4 million in profit. Did people stop drinking coffee all of a sudden?
I still believe that America is a great country, but it has been wounded by failed policies and ulterior motives and greedy agendas.
There is a transfer of wealth that occurs when these things happen. Some would say it is good from the perspective of bringing people back down to Earth. Some say it will last 2-3 years more before we see an upward move in the housing market. How many will be out of work by then? How many will be able to handle that mentally? What will happen to some, won't be pretty. My crystal ball broke years ago.
We have record unemployement, and the numbers they post are no where close to the real numbers. There are so many out of work that for some reason or another cant qualify for unemployment benefits. There are many out of work whose benefits have run out. How many people is THAT????
Now...as it relates to little Nexicon. (and I am not comparing NXCO to any other stock on the market with my post here) I am not here to say where the stock will be a year from now, or even if the company will be here a year from now (although I firmly and personally believe it will be), but this I will say; This is NOT your typical "pink sheet" issue, PERIOD - and to clarify, it is my opinion only. Companies of this size need to authorize more shares for many reasons; i.e., hiring new talent (the need for corporate incentive plans), raising capital (for expansion purposes & debt reduction & until a company can become cash-flow positive), and so on. I lost a ton of shares in the reverse and was not one dam bit happy about it. Now they need, or they feel they need to increase the authorized. So that means my position is diluted too. Am I happy, no, I am not. BUT - this I feel confident in, their direction.
The company started a blog, and I personally am greatful for it. It tells ME that the company wants to let shareholders know what is on their mind and in the works until they can get to the point where there is news. Although I am not happy with the price by any stretch (not happy with C, AIG, GE, or IBM for that damn matter either), they have made strong forward-moving accomplishments this year; they paid off Cornell, they launched a new website (and hear that it is going to change much for the better and become much more sophisticated - which is important for corporate identity), they indicated they are working on getting to a better exchange, they have partnered with Google/YouTube (no small feat), they partnered with PayArtists to handle the music side of the business, they have indicated they are working with top 6 studios, and whatever else they are in the process with.
Sam Glines came out in one of his interviews and indicated that the sales cycle on these things can be long. I understand that.
I am not here as I said, to preach where I think this will go...but I will say, after some of the banter I have read, that there are those that really don't get it...or they do and just wish to post for the sake of posting.
We are at a penny. That's right, we are. Ok. Some will see it as an opportunity, and some will see it as they better get that penny left before they turn out the lights. This company is far from turning out the lights, here, folks. I have read their news and read their blogs and called the company and spoken with management. They aren't going anywhere.
A question that keeps naggin at me: what would Google want with a penny stock? After reading the blogs, I have a feeling this company sees the direction of the internet and its security and they are quietly going about showing what is possible to the few RIGHT people out there that can make an impact. This company has a very necessary technology that many companies will use to re-capture lost revenue, increase ad revenue, monitor content, utilize in planning for future events, etc.
These current times are tough on everyone, and the sad part is, it will effect a majority of the public. We do not know how long this will last. Tomorrow is a promise to no one, someone once told me long ago. That is the nature of the market. I have a dear friend who became the first female vice president of Citigroup years back. We spoke recently about where things are today, and thankfully, she retired years ago and took her pension and diversified. She told me she never thought she would see these days again, yet here we are. Back in the day, Citigroup was one of the strongest institutions out there and yet today it is under $5 per share and looking for someone to buy them to bail them out of their woes.
My point in all of this is that we are experiencing troubled times. No one is immune. Is someone going to actually sit here and tell me that Nexicon is a piece of crap or typical because they put out a filing one day that they were increasing their authorized shares (remember folks, authorized does not mean issued), but its ok that the big 3 CEOs of the automakers and mortgage bankers can do it right before our eyes and it is ok with you? Further, is it ok that WE the public pay to bail THEM out allowing them to keep their private jets (not smart guys) and Mercedes and vacation homes and huge pensions while they TRY to fix what they screwed up over time?
This board is for everyone, so say what you will. I stand by my decision to invest in this company and have myself to answer to. Would it be better that I come out here and call the company scammers? Should I rant and rave because I hate the price? Should I dump my stock because the company added more shares and then come out here after I have sold to try to save everyone from their mistakes? I think not...but that is me. You out there, whoever YOU are, have that decision to make. Some have made it. Some are making it.
I personally opine that this company is here to stay and I wish everyone and I mean everyone the very best.
PS - daiello, this is not directed at you. I still don't know how to post without responding to someone else's message. I am NOT posting to you specifically...so please don't think so.
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