Replies to post #5622 on Electronic Game Card, Inc (fka EGMIQ)

[Rawnoc]

Nah, I leave the irrational emotions to you. Cautious my ass. Me? I added at EGMI at 1.65 because I know it's a screaming buy there whether we get news or not.

I don't care what the market thinks which is why I bought the marjoity of my shares under and just over 30 cents while the same groupthink mentality was screaming and crying in a panic I was loading the shit out of EGMI because I knew a massively undervalued stock never "needs" anything except to run out of idiots who are selling for no other reason than they simply don't know what the hell they're doing nor talking about and worry about what they foolishly think "the market" is thinking.

[waikikian]

What the market was thinking when this was below .30 was Panic. Now is more like apprehension? Your trying to apply logic to what has been irritaional behavior. IMO. Casino and others like myself are waiting for the market to wake up.

[riskanalyst]

I think you're right in that the market wants more proof. I however do not need the proof. Proof is that when SGMS sold these to the Kansas and Iowa lottery systems it sold like hotcakes. SGMS knew they had a category buster. SGMS got greedy and figured they can do this on their own. They went out and built their own mousetrap and locked EGMI out of the US for now. Now EGMI is trying to sell this in the markets outside of the SGMS agreement. Enter the China contract and the Sovereign contract. Pricepoint may be high for the average layperson in rural China, but not so much for urban China. They are catching up to the US in terms of GDP/capital in the urban environment. That's a couple of hundred million potential customers for EGMI cards. If some gambler in the midwest loved the card, what do you think the gambleholics in China will think? Human nature is not very different, even across borders and cultures.

[Rawnoc]

Here's the difference between you and me. Here is your post on the day EGMI hit .26/share while I was loading the shit out of it:

Posted by: SAMNOTSAMUEL Date: Thursday, October 30, 2008 6:16:17 PM
In reply to: littlefish who wrote msg# 744 Post # of 5623

Of course there is group think and some possibly avid readers who rarely if ever post.

Rawnoc probably influences the tiny masses more than most and knows it full well. That is what messages basically do, serve as a place to get ideas and propagate ideas.

I went both ways, I was influenced to hold off buying on the earlier messages and was influenced again to look for a buy today.

Sometimes the influence works out and sometime it does not.

sam

[jrexp11]

Of course the market WANTS news. We all WANT news. But, in the short-term im not so sure it NEEDS news.

Let's not forget that when the market had this below 30 cents, the market in general was being a bit of an a-hole.