What is wrong with flipping? There are smart inves
Post# of 96891
Posted On: 01/09/2016 11:23:53 AM
Re: Sitting Bull #47705
What is wrong with flipping? There are smart investors on this board and if they have tied up their money for 2-3 years without flipping this stock I question their investment savvy.
I have now gone through three CES, two shareholder meetings, two black Friday events that some posters have nauseatingly promoted NTEK. Wait for the run, two cents by August shareholder meeting, revenues will astound etc, etc, etc.
January 6, 2014 pps .1285. January 8, 2016 pps .0059.
As many have said here to each his own investing strategy.
Well, I decided after last shareholder meeting not to worry about chasing this stock. I have limited funds so since August I have flipped this thing and added over 250,000 shares. I still believe in what they have but I will not put any more money into NTEK at this point. I will keep flipping to add and I don't see things changing in the near future. I kick myself every day for not doing this a year earlier.
Now the AS increase tells me that they are not generating the revenue amounts some here promote and their cost of generating revenue is much too high. Sorry, but I don't see the next financials being anything but mediocre.
Had to vent a little. I've sat at my computer for too many hours watching this "gem" lose its luster.
As I have stated before, they need blockbuster revenue or blockbuster partnering news to change their present direction.
Of course all of this is my opinion.
I have now gone through three CES, two shareholder meetings, two black Friday events that some posters have nauseatingly promoted NTEK. Wait for the run, two cents by August shareholder meeting, revenues will astound etc, etc, etc.
January 6, 2014 pps .1285. January 8, 2016 pps .0059.
As many have said here to each his own investing strategy.
Well, I decided after last shareholder meeting not to worry about chasing this stock. I have limited funds so since August I have flipped this thing and added over 250,000 shares. I still believe in what they have but I will not put any more money into NTEK at this point. I will keep flipping to add and I don't see things changing in the near future. I kick myself every day for not doing this a year earlier.
Now the AS increase tells me that they are not generating the revenue amounts some here promote and their cost of generating revenue is much too high. Sorry, but I don't see the next financials being anything but mediocre.
Had to vent a little. I've sat at my computer for too many hours watching this "gem" lose its luster.
As I have stated before, they need blockbuster revenue or blockbuster partnering news to change their present direction.
Of course all of this is my opinion.
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