InvestorsHub Logo

cl001

01/07/10 6:15 PM

#122534 RE: valuemind #122531

This is very early stage company, hard to evaluate. You really have to know someone in the company to invest.
I like later stage company, much lower risks, but lower percentage of return compare with yours. I am looking for only 500%-1000% per stock and take profits to move on to new ones. GDMN.pk is a perfect example. When I bought it last year, its market cap was below cash. Now it still have about 4-5 dollar cash, very strong balance sheet, probably has a few more hundred percent to go this year. It is ran by very experience management team, so potentially it can appreciate a few thousand percent, but you have to hold for a while. My plan is possibly take profits some time this year and maybe let the free share run for me for a few years.
Some time I did buy a few lottery shares like yours, buy before the details becomes available. (Of course you probably have some insides of the stock before owning it. But I can't find it from the PR.) I got into EAS.v last year for example, it appreciated 30 folds in 2009. I only got a 6-8 bagger though, out too early.