Drinks Americas Holdings, Ltd. (DKAM)

[FUNMAN]

You're right. That's why I keep drinking Rheingold and need to for a good period of time to come Seriously, I am disiplined enough that I am really doing it. The consequence of my buying DKAM at least results in my being able to do this.

As for you waiting for "profitability and a stable balance sheet", you will always win, but you will miss great opportunities that are recognizable beyond the financials.

SIRI is a real good example, but I didn't buy in at 5¢. I waited until the trend was established in the 70¢ range. MGI is a different story; the management was almost completely turned over. The new line-up (resumes) was so impressive, the timing was right to act before they were able to impliment changes. I acted on the Board Of Director moves. You have to study a lot of stocks and spend a lot of time to be looking that deep.

The one rule I broke investing in DKAM was I invest in people (management and board of directors), not companies. In this case I invested in the hope of a product. I have to live with the people.

Regarding arvitar ... would somebody else please explain the math to him; that if I "was" going to spend at least $36 a week on my preferred brand of beer, and now I am instead spending $16 a case a week for Rheingold, I am saving at least $20 out-of-pocket.








kezzek Share Thursday, March 03, 2011 11:08:43 AM
Re: FUNMAN818 post# 57338 Post # of 57341

In mid 2009, the stock was at about $2/share (post R/S equivalent).
When they announced Rheingold last year, it was about 10 cents a share.
At the beginning of 2011, with several announcements about Rheingold's success, it was around a penny/share.

Now it's setting new all-time lows at around 4/10ths of a cent.

No one is suggesting you sell your shares now, but I think an honest appraisal will show your glasses to be so rose colored as to be opaque.

Nor are people who think the stock will continue lower denying increasing sales or higher trading volumes. But those will not drive the stock price higher in my opinion, a position well borne out by history. You're right on one thing - the time to buy a stock is usually after there's evidence of a turn around. But the turn around I look for is profitability and a stable balance sheet. And I don't see that happening for DKAM.

FWIW, DKAM is not a Pink.