I was reading through the NTEK board this morning
Post# of 2009
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Posted On: 11/09/2018 9:15:02 AM
I was reading through the NTEK board this morning and saw a post about how good things come to those who wait. I was immediately drafting up a snarky response in my head that I would never post, but it got me to thinking. As with many of us, I have been waiting for well over five years on NTEK. We've all been waiting for them to follow through with promises and we've all diligently been keeping up with what kind of progress we were hoping they would show for our investment into their company.
It got me thinking again about regretting not selling the stocks when I was first concerned with their decisions. Here's the thing; and this is a lesson I have learned and a lesson most of you probably already knew. Take note when you don't feel the company is making the right decision, when they do something and you say to yourself "what the hell are they thinking?" That means you don't believe their mission anymore. It's probably time to very seriously consider selling most, if not all, of your shares.
In my case, I was thinking about when NTEK decided to get out of doing the hardware for the Nuvola NP-1 and going with a software model. I remember thinking to myself that was a totally misguided, stupid decision. Keep in mind at the time I was believing that everything coming from the company was factual, so I thought there were boxes of NP-1s at a warehouse and another order of tens of thousands of them on the way from China. I knew that Roku was doing just fine with a hardware model, and it seemed like an incredibly poor decision to stop selling the device that got me interested in the company in the first place. That was when I should have made the decision to sell my shares. I would have made a tidy profit, and gotten out knowing I made the right decision. Management no longer believed in taking the company in the same direction that I thought they should go.
Years later, we all have lost so much that it's kind of a moot point. I don't believe in the direction of the company at all. I'm not even sure the company has a compass to find a direction to go. There's no point in selling anything now. We all hope for a wing and a prayer that they manage to somehow save us from the decision of choosing to invest in this company.
I've always said that I hope I'm wrong about these guys and that they somehow pull out of this downward spiral, but I'm skeptical at best. The point of the post was to trust your instincts. I was a very new investor when I started purchasing NTEK stocks, and I still consider myself highly inexperienced at microcaps. That said, I have learned to follow my gut instinct. If you are questioning management in a stock you own, and you feel they have changed the direction that brought you to them in the first place, trust that feeling and sell. In most instances, you will thank yourself later.
It got me thinking again about regretting not selling the stocks when I was first concerned with their decisions. Here's the thing; and this is a lesson I have learned and a lesson most of you probably already knew. Take note when you don't feel the company is making the right decision, when they do something and you say to yourself "what the hell are they thinking?" That means you don't believe their mission anymore. It's probably time to very seriously consider selling most, if not all, of your shares.
In my case, I was thinking about when NTEK decided to get out of doing the hardware for the Nuvola NP-1 and going with a software model. I remember thinking to myself that was a totally misguided, stupid decision. Keep in mind at the time I was believing that everything coming from the company was factual, so I thought there were boxes of NP-1s at a warehouse and another order of tens of thousands of them on the way from China. I knew that Roku was doing just fine with a hardware model, and it seemed like an incredibly poor decision to stop selling the device that got me interested in the company in the first place. That was when I should have made the decision to sell my shares. I would have made a tidy profit, and gotten out knowing I made the right decision. Management no longer believed in taking the company in the same direction that I thought they should go.
Years later, we all have lost so much that it's kind of a moot point. I don't believe in the direction of the company at all. I'm not even sure the company has a compass to find a direction to go. There's no point in selling anything now. We all hope for a wing and a prayer that they manage to somehow save us from the decision of choosing to invest in this company.
I've always said that I hope I'm wrong about these guys and that they somehow pull out of this downward spiral, but I'm skeptical at best. The point of the post was to trust your instincts. I was a very new investor when I started purchasing NTEK stocks, and I still consider myself highly inexperienced at microcaps. That said, I have learned to follow my gut instinct. If you are questioning management in a stock you own, and you feel they have changed the direction that brought you to them in the first place, trust that feeling and sell. In most instances, you will thank yourself later.
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