You said:
"ALL THESE PENNY STOCK ALERTS ARE HORSE CRAP JUST TO GET PEOPLE TO BUY AND LOSE OUT."
Well, yeah... that is EXACTLY what they are... a sales effort that is specifically designed to sell you, so that you will be willing to buy something someone else really wants to sell...
Stocks basically aren't in the least bit different than anything else in the market place. Do you really think you can "avoid disappointment and future regret" buying fake coins off the TV, even when they TELL YOU they are nothing but copies of U.S. $20 gold coins that are coated with a whopping 14 milligrams of gold ? You really think those fakes are worth $50 each ? Just the fact they're paying huge $$$ for TV advertising should tell you all you need to know about the "value" in what is being pitched ?
Pretty much like clockwork, you can take all those penny stock alerts you get and put them in a file... and check the prices on the things being flogged again in 6 months or a year. That is all just a fairly normal part of the market cycle... to see things shift dramatically from the one end of the extreme in the "hype" driving over-valuation... to the opposite extreme in the market where fear and loathing drive excess in under valuation.
It is a hard lesson for many in the market... that "price is not value"...
There is basically very little difference IN VALUE between what BLGW was worth a year ago, and what BLGW is worth now... while most of market pricing difference in that time period is nothing but market noise. That change you see in the price over the last year has very little real impact, and does very little to change anything that really matters... in the business.
My primary focus in the market is on finding value on sale... buying it at a good price... and holding it until the value I see is properly realized in the share price. To do that, I need to understand and be able to properly price "value"... and need to understand and be able to discount "market noise" in pricing functions... which are OFTEN wildly wrong in being WAY off... either way to high... or way too low.
Buy low... sell high... Obvious, of course, but not ever quite as easy as it seems it should be.
I've not yet declared BLGW is a "value" or a "buy" at current prices... but, I've found it is certainly interesting enough, given where it is now, to decide it is worth taking a closer look at it.
In the last year, management has gained valuable experience, and understands things about their markets now that they probably didn't understand as well just a year ago. In that time, the larger market awareness of and valuation of "social networking" functions like that BLGW addresses has changed dramatically. And, in that time, the markets themselves have shifted from the depths of a depression to a still slow but creeping emergence from a local recession in a transition back to global growth.
Advertising... always gets pounded in a recession... so, there is an interesting element of market timeliness in BLGW now, too.
In every way I see, BLGW is probably in a better position now and in a better market position now than they were a year ago... and, now, while it is probably worth the same or more than it was just a year ago, I can buy a share for $0.02 now, instead of $0.75 a share a year ago ?
I still haven't figured out the nature of the potential, here... and don't have a solid price target that isn't one that is "market referenced"... but, I also don't see much of a reason BLGW couldn't trade up to $0.04 or more from here... just based on changed market dynamics.
I'd rather take the risk here, and have all the same upside, while buying at $0.02 than $0.75...
Hope you don't take any of this as "taunting" you... as that clearly is not my intent...
Rather... if you thought BLGW was a "good value" at $0.75, and you still don't have any reason to think that the potential you saw then has substantially changed... why is that value of $0.75 or more NOT a really, really great deal when it is on sale for $0.02 ?
Have you averaged down yet... to lower your average price ?
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