InvestorsHub Logo
Followers 2
Posts 424
Boards Moderated 1
Alias Born 11/24/2005

Re: Agent1107 post# 92727

Sunday, 02/05/2006 8:32:02 PM

Sunday, February 05, 2006 8:32:02 PM

Post# of 286278
I don't care if people post their opinions, I hope they do... I'm one of the few here that seems willing to listen to what anyone has to say, without muting those that get tiresome. I try to have my idiot filter engaged at all times. :)

I'm not telling people to flip. However, I believe in the short term, flipping is probably what I'll be doing. I certainly won't tell anyone to not go long. I will encourage folks to look at the whole picture and determine their own odds for success.

All any of us "know" is what The Company has stated in their filings and what they say in their "historical" PR's. We will likely all draw different conclusions from what we "know."

I am free to believe they have lost their focus - you are free to believe they have not.

They say they are in the Video Game/DVD rental business.

Are they? How are they doing (compared to their competitors)?

Are they profitable in this business?
If not, what are they doing to achieve profitability?

What are they doing that will draw them away from this Video Game/DVD rental business?

Have they shifted their focus to "alternative content delivery?" I may have missed it, but it's not mentioned in their latest filing... only traditional Games & DVD rentals.

You can suggest this alternative content delivery distraction is all part of their big (previously undisclosed) business plan and they're keeping the details under wraps to throw off the competition.

I say balderdash to that. Smoke and mirrors.

This position of business plan secrecy at this point in the game by this old start-up, new "growth" company simply makes many of us suspicious of management's real motives. What are the "possibilities?"

They have no real track record, except that they are very willing to dilute the stock, they have a very lucrative compensation plan in place for the insiders and they have paid dearly for outside and now inside "consultants"... all at the stockholders expense. Do you deny this?

I really do hope you guys that really are long on this company do get rich. But when I consider the probabilities of that (and "rich" is a relative term) I fear the odds are not in your favor.

It's called "risk" and we all have different levels of tolerance. My risk management system normally doesn't allow for me to put more than $5000 in any single company. I limit my potential losses that way. I am reasonably satisfied with my overall portfolio. We all need to go with our own self-determined odds.

Let me tell you what pisses me off most about what I did with my GZFX play...

I initially bought in @ .006 in my taxable account, after a month or so I decided to double my position but I wanted to avoid the potential (possible) tax implications so I dumped the second purchase (@.014) into my Roth account.

I wish I had your confidence that this stock will soar. Right now I regret putting any of it in my Roth. I can handle a 100% loss, but I would prefer to have the tax loss option and I hate the idea that the potential loss to my Roth is permanent.

I made two mistakes.
1) Don't speculate with the Roth.
2) Don't ignore the details and get greedy.

Two good lessons for me - I win!

Thanks for the discourse.

CHEERS! LOL

Illegitimi Non Carborundum



In the long run we are all dead. J. M. Keynes