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Friday, September 17, 2004 6:07:37 AM
1. They won't spend the millions on advertising as the other companies do.
2. They won't have as large of an overhead as the other companies...(payroll, rent, etc.)
Those two reasons alone could cut the price by $1 maybe more. And then, once word gets out about it, the product will take off. Nowadays, a pack of cigarettes costs $5. If a pack of Wellstone is right next to it for $4, it will definately be considered and bought. Most smokers are not rich people and look to save money where they can. I think people will buy them for the lower price alone. Once they get a foothold on the market, they can raise it to compete with the big boys.
Are we looking at another big MO in the making?
You are right about holding it for a long time. (see my other post)
But that's OK, I hardly do any short time trading. I tend to hold on to stocks for years. I have the patience.
This gives us time to purchase more shares at a good price. I'm looking for it to go back under a buck before I buy any more.
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