Thursday, June 16, 2005 10:30:49 AM
I understand peoples frustrations, however I am NOT frustrated by NEOMs stock performance. I didnt buy it for upside everyday.
But guess why we are frustrated?
Its because we are told daily how news is just around the corner, any day now, big news ready to explode...wham kappow shazzam....MY GOD. Its like an old batman episode.
And who perpetrates this positive spin? Not NEOM management, thats for sure.
I'll tell you who.........
and this is where I get shot down in flames by the iHub posse.
Its the mediators and pumpers on this board. Dont get me wrong, their DD, knowledge of the stock and understanding of the machinations of NEOM and the other players in the game is terrific. Hats off there!
What doesnt impress me in the slightest is their hype, pumping and total disdain towards anyone proferring an alternative view. Legitimate questions, cautious in nature, even challenging, are met with accusations of bashing, threats of the dreaded "iggy"....yes, JP and another evangelist have "iggy-ed" my ass because they didnt like my questions. Sorry boys, but ignorance is not strength. We dont learn if we dont ask the hard questions.
Kudos to all those who actually answer my questions when I ask them, no matter how fundemental they are. I am an intelligent person, but my knowledge of the intracicies of the market is limited. This is why I enjoyed this board so much...good people with good info to share.
But the real issue reamins. NEOM is a risky stock with HUGE upside if things fall into place. But it is NOT a fait d'complie (excuse french spelling). Lots of water to flow under the 'bridge' (excuse pun) yet, but lets be real about two things.
1. The risk profile of microcaps with negative profit sheets
2. Why we are here.
Answer: We know its risky, but its a great risk V reward ratio....one which will mean we will spike as often as we will plummet....but we dont plant a apple tree with the aim of making apple pie in a weeks time. Give the tree time to grow, to weather the harsh winters, the tortuous summers, the pesky worms infestations and the cruel winds....let it grow over time......then one day...we will indeed eat all the apple pie we can handle, and from those seeds will sporn apple trees for our kids and their kids, and so it goes.
If however the tree doesnt survive, so be it. Just make sure while you were watering the apple tree, you were also paying attention to the other trees in your (hopefully) diverse orchard.
Happy farming!!!
Beacs xx
"You can't be a beacon if your light don't shine" - Beacon27, iHub 2007
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