Longs need to hold out until after 0.0015 resistance is broken.
Posted by: CaesarStone
In reply to: cashflo who wrote msg# 57183
Date:7/15/2007 1:17:13 PM
Post #of 57230
Some Advise from a savvy INXR poster
"Be patient. The great fortunes are made by taking a position and being patient, not by trying to time every step of the way. Forget about that. You cannot time success. It doesn't work. You pick your goals and you stick to them and in investing that means finding the right stock and committing. Keep doing your research while you hold, but realize BUSINESS TAKES TIME. Real business, not fantasy business like we see everyday being PR'd in penny stock land, takes time to mature.
Every success story is both simple and complex. The simple reason is the one you invest in - the story has focus, the plan has a target and the goal is understood by all: shareholders, management, consumers, vendors, clients, everyone understands the business plan. And it is complex because the world is complex and there are always another set of details around every corner that need to be attended to.
Successful companies do not pump themselves too far ahead of their ability to achieve their stated objectives. They say what their goals are and then set out to achieve them. It is really the shareholders who get all bent out of shape trying to time the developments, not the company itself. If something is going to happen in 1 month or 3 months, that is not necessarily something the company will divulge. Sometimes the best or the only prudent thing to do is to state the objective and leave the time frames open.
That is why I have said to succeed often means picking the right company and banking on the management and their business plan and not trying to time every little thing. What week the products are released or the OTC listing is really not the point at all. You have clearly seen this stock has been accumulated. Sometimes you need to pay attention to obvious clues and a big one is there are people who are accumulating, placing their bets and who are not trying to time every little detail.
Are they smart money? If they come in and out rapidly, probably not, but if there has been steady and significant volume for well over a month like there has been here, then there definitely appears to be people who have the conviction to stick this one out. You often do not see that with stocks of any kind, but especially with a sub-penny pink sheet. I suggest you give this serious thought.
Many of those longs who probably have large positions of 25-100M shares each have no intention of settling for a mere double, but are looking to get rich, maybe retire and some are doing it for the first time in earnest instead of chasing momo stocks in the hope of finally leaving behind their day job. Whether or not INXR is going to be that stock, at some point in your investing career you need to load up on something and ride it well if it does turn out to be a real winner.
That's my take on how to get rich and why INXR might be one of those. We can't conclude it is yet, but we have some real inklings of what might happen and I'd say our odds of doing it here and of achieving multiples in the tens or hundreds of times our original investment costs are better here than most anything else I see out there right now."
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