I'm in at .19 cents, but if I had jumped after reading some initial "stories" by C. Fernandez (not his first columns when Uwink traded near $1.80, but when I first discovered uwink and Fernandez's articles about it a few months back at around .50 cents), I'd of been in around .50 cents per share! Would have loved to get in at the bottom at .08 but only the few lucky ones ever get in on any stock at their all time lows, and as for me, I'm never the lucky one! I think .19 was still a good entry point but .08 would've been pretty. I re-read C. Fernandez article about uwink restaraunt/software relation and how "I said" he totally "F'd-up" when determining values and such,but I was wrong to imply that(my apologies to C. Fernandez though he seemed to suggest he didn't know himself for sure what he was thinking or doing.." Fernandez quote:,"it struck me that it’s a good thing that uWink isn’t a restaurant company because it was not a pretty picture…and then I caught myself."), but he based almost all of his buy recomendations entirely on speculation throughout. How can he even begin to (starting at $1.80 ps) speak of Uwinks stock worth without a hint of fact on what was happening within the comnpany minds, and continually do so right through the price dropping to .50 or so cents? That's just irresponsible and stupid in my book. I think his sole basis was that Nolan B. had purchased several hundred shares at that time for $1.80... That could be read as "two" things though, either it was a fair price and insiders had some info we didn't or it just could've been a play on investors minds to believe that insiders had an ace in their pocket and then was the time to buy, hoping to start a buying frenzy from investors. Right now it looks like the latter to me(that didn't work), but either way, Fernandez should be experienced enough to know how the game is played...., at least way more than me! Anyway, when you're paying literally pennies for a stock, like what uwink is trading for right now, that type of speculation is fine and that's what its all about, but at $1.80 a share(where he started), I personally would call that anything but a penny stock, like AIG right now trading below $2.00(or Gm/Ford with all-time low trades). Buying one share for .08(or hundred at $8.00) is no where near buying 1 for $1.80 or 100 for $180.00!) May still be called a penny-stock, but not at all the same when you talk risk/gain numbers like Fernandez did/does(risk/risk becomes more of a reality when looking at SAY $800 VS. $8,000.00 losses.... gains are just a hope!). Just wanted to correct myself a bit here and reiterate that Fernandez columns were based on relatively little more than gut feeling in the past, which is about the same as the gut feeling of any concepts future expectation derived from any inexperienced investor. He should really have something more solid to deliver if he pushes a stock, which in Uwinks case he had been. Might be a hell of a guy personally, but I know great guys personally that I would never do business with...., they can have alternate personalities in both! Just letting you all know, as if you haven't already noticed/guessed(!), I am far from a seasoned investor and base my decisions and things I write solely on what little common-sense I have, so please don't eat me up for lunch concerning my posts!!!
AI
