In my opinion FITX is a speculative stock, as all
Post# of 56323
In my opinion FITX is a speculative stock, as all the stocks in this emerging industry are. I didn't get into this stock for a quick buck. I’m in it as an investment. I don’t care what the stock is doing on a day to day basis, and I don’t care what anyone’s opinion is about it. I’m only interested in facts and we are all privy to the same facts at this point. I really only care what this company will be doing in the long run, and only time will tell.
I challenge any one to do what Bill is trying to do, and make everyone happy. In my opinion no one can do that. Has Bill made some mistakes, sure he has he’s human the same as the rest of us are. He’s going to make mistakes, I would expect nothing less. It’s not so much the mistakes he makes that would worry me, it’s how he handles and fixes those mistakes that I’m interested in. It’s easy for us to look back and pretend that we would have handled things differently. Until your walking in his shoes, on a day to day basis, your opinion as to how things should be, or should have been handled, is just that, your opinion.
On one hand I read people are saying how he tells us too much and some believe that equates to “him pumping the stock, so it must be a scam”. On the other hand I read how he isn't telling us enough, which some believe that equates to “he must be withholding something, so it must be a scam”. Either way Bill can’t seem to win with the shareholders, and in my opinion that is predicated on fear, because when, and if this works out everyone will be kissing him for making them so much money. Which will be a drastic change from what I've been reading today.
I also don’t care what the bashers are saying. It is also just an opinion. No more or less valid than anyone else’s. I get we are all nervous about where the stock has gone in the last week. This correction, in my opinion, is based on sentiment, not on a major flaw in the company.
I believe it is important to know why you are in this stock and manage your expectations accordingly. If you are in it for a quick buck, you are in the wrong stock. If you are in it for an investment, well you might still be in the wrong stock. This is an emerging market with many pit-falls to come. If you need a sure thing then invest your money in an established industry. No one can say what Bill should or should not be doing; only Bill knows that. I’m here because I believe in this industry, the Canadian market, and Bills vision. I think we all need to take a deep breath and contemplate why you’re here. If you believe in what Bill is trying to do as a project then give him a break until he proves beyond a reasonable doubt that he can’t do it. If you've already come to that conclusion then sell and buy something else.