Iman, I appreciate your responses and inputs. Again, most of what you say is along the lines of pretty standard thinking. I could go a couple more rounds with you about micro caps, gambling vs investing etc. but you are on the side of majority opinion and likely with good reason.
I dont think Ive done a very good job in explaining my approach and have likely taken my opposing view too far in some instances just because I was opposing you LOL. I actually start my decision process by analyzing from a long term point of view. By the way, Im sure you know one of the first rules is don’t touch the ones that dont have anything to analyze.
I guess you could say in this arena, I do very speculative (speculative mainly because of the infancy of the business) “investing” by your definition 1st but at the same time am looking for, and am pretty confident I will get, a spike/accelerated gains from the greater fools coming in. If this doesn’t happen, I always have time and hopefully an executing business plan to fall back on; however, after a year or two, it is likely something has gone horribly wrong and both the short and long term prospects are gone.
I will not touch the ones that dont look like they have a viable plan for very impressive growth and, at least by some stretch of the imagination, the resources to execute. I also will not touch the ones that have started any kind of a move. I usually accumulate monthly until I actually get a percent of two of the company and then try to sell some to get my “original investment” and some good profits back at the first chance I get which, with any luck, will be after the magical 12 months. Whatever you want to call it, this approach has worked wonders for my portfolio and is extremely enjoyable.
One final thing, the ‘97-00 period or, at least the later part, actually made things very tricky because it was really hard to find any prospects with potential that hadn’t already begun moving. Thats what brought me to HRCT in ’99.
AI
