InvestorsHub Logo

futuretech

04/22/05 7:16 PM

#245 RE: mike306oh #243

This might be surprising to you, but I agree with you. I did my DD on NEOM and accumulated it last year. My average cost on NEOM is about $0.07 a share. I'm in a related business and believe in the company's potential. I do not follow TS - just get the e-mails promoting his newsletters just like everyone else. I determined he was promoting NEOM without buying his Microcap newsletter. From what I gather he has had many losers along with his winners.

I found your valuation approach interesting. The only issue I have with your posts is your warning about the "schemes." Although TS and other guys like him might be able to move stocks now and then, I believe NEOM (and hopefully MOBL) have a following greater than his "herd." Hell, what about the MM's moving the price of bulletin board stocks - talk about "schemes."

I'm long both NEOM and MOBL, and holding for the long term. IMHO, relying on charts to time buy/sells with these types of stocks can burn you. Relying only on the financials can burn you. They are roller coaster rides - and a few eventually take off like rockets. Don't miss it based on a bad timing call. Buy the concept/business plan, invest an amount that won't cause you to lose sleep at night, and hold on. These opportunities are not for the risk adverse.