Replies to post #6542 on Laser Energetics, Inc. (LNGT)

[bmoondoggy]

Let's hope this week brings us what we've been investing in. I will be at work at 6am, so I have my fingers crossed theirs a PR release at 835am!!!!

[downsideup]

I also agree with yours...

The most important thing here, as elsewhere, is to do your DD well enough that you trust your own judgment re the company, the market opportunity and the relative values inherent in the situation in the long term... far more than you trust the short term evolution of event driven news... or the lack of it.

I'm not buying or selling shares right now as the price fluctuates between $0.035 and $0.04 now... but my DD does tell me that the shares will have a LOT more value than currently IF they are enabled to do what they are planning to do. I'm holding those few shares I do own now. I did try to buy shares again recently when the price dipped below $0.03... as, whatever the current events, prices below $0.03 meet my DD criteria, and also meet my trading model limits re share price and market dynamics... even if LNGT is a good solid value at $0.04, I'd rather own it at or below $0.03 ???

I guess that says I'm still advocating patience on the part of shareholders... and I am still being patient... but I'm also here advocating for LESS patience on the part of management, and more caution on the part of investors.

I've posted before that given my long range perspective on value, I don't see Wolk as an essential element of realizing the future values... just as a convenient element in the picture that will be useful... IF he gets HIS job done. That is also why I've posted that if Wolk DOES crap out, or if the time horizon on "soon" rolls back yet again... I expect share prices will drop from here... and after they do, I will buy again... because I DO trust my DD work here more than I value the short range promise of Wolks $ and the short term utility it will provide. To me, again, given my longer term perspective, it is roughly a wash between having Wolk come through now with a result that shares trade higher... and having Wolk crap out, in which case I'll be able to get more LNGT shares at a lower price. Clearly, if Wolk craps out, LNGT will require more patience than if he comes through "soon"... but that need for additional patience will also likely provide additional rewards ?

Wolk and I agree, apparently, that LNGT has greater value than is priced into a share now, and agree that LNGT's success will make for a better world. We clearly disagree on the definition of "soon" and in some elements of how best to address the occasional shortcomings in execution or timing that do occur. None of which is particularly serious... and none of which at all alters my basic DD based perspective.