InvestorsHub Logo
Followers 218
Posts 38765
Boards Moderated 0
Alias Born 04/29/2008

Re: chipdacup post# 31764

Tuesday, 03/17/2009 10:45:22 AM

Tuesday, March 17, 2009 10:45:22 AM

Post# of 86719
First of all, I would never tell anyone to sell no matter how bad the quarter is. But I disagree that buying based on the future is ever a good strategy, unless you're a day trader. The problem is, the future is always speculation and those that already own the stock, particularly at much higher prices, have a strong incentive to convince others to buy.
If you look back of the posts here and on Yahoo for the last 2 years, you'll see "the company is about to explode right now" pretty much every week, if not day.
I'm not here to discourage anyone from holding the stock, or even buying it IF it's their money. More power and luck to them. It's the speculation meant to encourage others to take a risk that I object to.
I agree that the icons are good ones. But I disagree that getting them in means the work is done and the company will be successful. There's a lot of work ahead and there will be a lot of costs and funds needed. I have yet to see where that's coming from. If and when I see results that show strong sales, good gross margins and a path to positive cash flow, I may load up the boat here. You think you see all that now, by all means, buy or hold. But let's be honest. No one here is posting the rosy speculation to convince themselves.
And I believe if you say something (such as a prediction for sales) you should either stand by it or post a correction when you realize you were wrong. I think that standard applies to everyone - whether you're the CEO of a major public company or an anonymous poster. JMHO.

“Any fool can criticize, condemn and complain and most fools do.”
Benjamin Franklin