updated on 4/1/2010 at bottom of page
I get asked many questions in regard to GoIp Global (GOIG) lately so I wanted to help get my thought process out in the open to hopefully help others decide on what to do. If you are in various forums, you’re told you are crazy to not buy, buy, buy. A few days ago, I posted an article from another site showing the irresponsible advice to mortgage one’s own house to buy shares of GOIG. As I’ve stated before, the intent of this site is to provide a platform for investors to receive responsible information and have beneficial discussions that don’t pertain to advising you to take out loans to buy stock. It seems to me that my site is completely unique to the industry these days.
In order for me to feel comfortable holding a position in GOIG at the moment, I’d have to overcome the concerns listed below. I felt it was best to list out my concerns over an 11 point timeline, yet I do have more. Until I can get some information to help me overcome these concerns below, I just can’t see the reward being more than the risk at the moment. I caution others to think things through before buying on emotional impulse and irresponsible advice on forums. Now onto the list (PR links below list):
1) Service launch was “expected” to be in first quarter 2010 per this December 31st PR.
2) Per March 18th PR, launch is “feasible” for April. I interpret that as if another delay happens, don’t be shocked. “Feasible” is not a strong word to use, in my humble opinion, if you are confident the service will be launched in April.
3) If we don’t launch in March, we do not launch in the first quarter 2010 per the original plan stated in point 1 (December 31st PR).
4) If the service isn’t launched in April, we still don’t have revenues. How else will GOIG continue to pay bills without further dilution or added debt?
5) March 2nd is the most recent share structure, to my knowledge. Per the chart, it looks like we possibly received dilution between March 5th and 9th, at minimum. Chart reading is obviously not an exact science but I feel confident we will see an increase in O/S whenever the new share structure does come out, just like we saw the O/S increase from February 7th to March 2nd.
6) Per the February 8th PR, Verizon (VZ) was expected to be on board by the end of the month. While it seems some test keywords on VZ phones have started to work, we have not received an official PR update that VZ is officially ready as we have seen Sutton say confidently for AT&T, Sprint, and T-Mobile.
7) Per the February 22nd PR, which I felt good about at the time, the CE was hopefully being removed shortly, which it has been. However, no further update on VZ or the service launch other than the website was up and they received an “overwhelming” response. No statistics/facts though to determine what overwhelming means to Sutton.
8) Back to the March 18th PR, The title states “GoIP Global anticipates an April service launch.” Yet, in the meat of the PR, the word “feasible” is used. While the definition of the word “feasible” can mean “likely”, I’ve always experienced the word firsthand in the business world as more of a “maybe” response with mediocre confidence at best. The word “anticipates” would have been a stronger word to use in the title AND meat of the PR. Take that for what it is worth as I could very well be overanalyzing as I sometimes do.
9) In the same March 18th PR, it is very important to take notice of this confusion. The PR starts off saying, “commercial service launch is advancing as planned.” However, Ike Sutton clearly states in the December 31st PR that, “We expect to launch our Go800 service in the 1st quarter of 2010.” He expects it to launch in the 1st quarter of 2010, yet it’s not launching in March. It is “feasible” to launch in April with no “official” launch date stated to my knowledge. Can someone help me understand how is the launch advancing according to plan? Again, maybe I’m overanalyzing but those two statements seem very conflicting to me therefore confusing. That is a very big red flag to me.
10) To further belabor on the recent March 18th PR, GOIG has over 70% of wireless carriers certified for the Go800 service. What I find interesting is in the February 8th PR, VZ was supposed to be provisioned by the end of the month. One would think if VZ was ready, such as Sprint, AT&T, and T-mobile, Sutton would have no issues saying so but rather significant benefit to say so. No?
11) Lastly, I was disappointed in the time needed between the February 22nd and March 18th PR and further disappointed in the lack of details in the latest PR. I can’t get around the speculative theory that if everything was “advancing” as planned, Sutton would be updating us much more frequently. I would see it as a major advantage to continue to release interviews and PR’s to help get the Go800 service name out there to potential customers since most everyone has no idea who they are. Now, maybe he has so many day one customers already that he doesn’t feel the need to. I can’t tell you what he is thinking but I can tell you I’m very concerned the plan is not advancing as smooth as it should be.
Now I’m hearing all this talk about how people are going to be millionaires when the service does indeed launch because the PPS will jump to record prices. Maybe it will, but I don’t believe it for one second. I consider that a typical statement from unaware and impulsive people in today’s society looking for a quick way to get rich. I’d much rather buy when Sutton starts updating us much more frequently with statistical facts that show significant progress has been made. Without the launch, we have no revenues. I absolutely love the concept and think it can be huge. I want to feel comfortable buying this stock at current prices. I just won’t blind myself and invest with only hope. It doesn’t seem a wise investment at the moment to me and I’d rather put my money to work elsewhere in companies that update their shareholders more frequently. There are too many questions I have at the moment which I can’t answer with confidence and that concerns me. If this concept is going to be so big, why shouldn’t we wait for statistical facts to prove the demand and revenues can pay the bills and ensure the survival of the company? Does everyone else really think the PPS will appreciate so much on that one day we actually get those facts that the stock won’t be worth buying anymore? The only way I can see myself buying GOIG is on pure speculation they will be bought out but I can’t guarantee the price will be beneficial to the shareholders if that actually does happen.
Feel free to comment or go in the live chat to further discuss. I’d like to be a buyer with this great concept, I just can’t see the reason to risk it at this moment with so many unanswered questions. As always, do your own homework to see if you agree with me or if you think I’m overanalyzing. I’m sure I’ll receive much hate mail for this article due to many investors emotional attachment to the stock. I expect that and pay it no mind. You can determine for yourself if it’s a safe investment to make. Good luck out there.
Mike
Random News: Upon writing this, an update on the 12 million shares short on the specific day of 3-17 and GOIG’s intent to short squeeze it came out by Mina Mar. Keep in mind when reading this that the 32% is against the low volume of 3-17, not the entire float which is all that matters to me. Does 12 million on 3-17 against the 1.1 billion float last updated on March 2 impress you? That is about 1%. I’m not impressed with that information however the dividend news is very positive. I wish they would actually say an official date though rather than use words like “soon.”
At the time of publication, Kudrna was long VZ but positions can change at any time.
UPDATE: Link to Dec 31st PR where the ORIGINAL plan to launch was detailed for first quarter is no longer valid. Just another example and reason I distrust what is going on and being hidden. Now new investors are blinded by this news.
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Tags: go800, GoIP Global (GOIG), Michael Kudrna, speculation, speculative stocks, Trading
CMHTraders
March 19th, 2010 at 1:44 PM
Perhaps pink stocks is not for you. The company has been testing and is verifiable. The short codes work. There are over 100 cell phone companies to be put online so 70% of that is alot of companies already up and running with it. I have personally tested the code myself and it works.
Sometimes things take a bit of time to put together.
The ambassador program is signing up people everyday so when the launch goes..money is being made from day one. Investing in pink socks IS speculation.
All my best.
March 19th, 2010 at 1:58 PM
Good point about the 70% but they have not announced anything with VZ yet when it would be a very impact statement to make, would it not? I've seen it tested on VZ phones firsthand weeks ago but the fact that they still haven't announced them on board as easy as they did the 3 other major carriers is a noted concern. I've never doubted the service's legitimacy as I clearly stated in the many articles I've written on GOIG.
Pink stocks are definitely speculative…I never said otherwise. Not all speculative stocks are the same though…thats the point. I prefer to make calculated risks rather than buy lotto tickets. That is why I can't invest in GOIG until they are more transparent on what is going on.
Feel free to debate the points I made. As I stated, maybe I am overanalyzing some and am always open to intelligent and respectful discussions.
Thanks,
Mike
March 19th, 2010 at 2:14 PM
Most of your post is what you would like to see.
I think any investor would like to see alot of things that are not in PRs. The fact that they did not talk about VZ in the latest PR does not mean anything. If you have tested VZ yourself, then you do not need a PR to tell you that what you just saw work…works. You have already seen it your self.
You took alot of time and space to basically say 2 things.
Date of launch has changed and VZ has not been mentioned in a PR.
From what I have researched for myself and read I am fully confident in my investment. I am not looking for a moon shot but I think this will do quite nicely very soon.
Regarding dilution, we know that, that is how companies make money while they are developing a product. What ever the dilution was during the time frame you mentioned was respectable to share holders and the stock rebounded nicely. I have no problem with this.
Regarding statistical facts that you would like to see, I would not release this in a PR before launch either. Trickling news to the market is not a good idea, plus those statistics will be growing every day up until the launch.
Why not wait for the big numbers instead of saying…we just started the ambassador program and we have alot of keywords now but we will have alot more. Ike does not need to do that.
By releasing a news flash about a Divi, he is taking care of the share holders. Not letting shorts take hold of his stock..good for him.
March 19th, 2010 at 2:41 PM
I can easily say the same back at you in regards to seeing only what you want to see….isn't that the point of discussing? I have no stake in the company at the moment…my mind is clear. Obviously you are long GOIG and you only want to see positives. Who wants to be in a stock that they actually have concerns about? You can ignore all the red flags and have excuses for them but the fact remains they are not launching first quarter yet stating things are going as planned. Those statements contradict one another. Do they not? My timeline explains that in-depth…sorry the length of it was a problem to you which is completely irrelevant to the discussion at hand.
You failed to address why they wouldn't say VZ is on board when they so easily said so with Sprint, T-mobile, and AT&T…especially after saying in the Feb PR that they would be on board by the end of the month. So they said they expect them to be on board by the end of the month but then they do not announce they are on board? Why even bring up VZ in the first place and say an expected date they will be on board if you aren't going to say when they are officially on board? All we see is that some of the texts seem to work on VZ phones…that doesn't mean we have access to see all the details behind the scenes that everything is official with VZ. You can't assume that with any confidence because we've received no PR about it when they've had plenty of time to do so. It is a simple PR to make if VZ is on board and would give shareholder confidence, would it not? Instead, they went with saying 70% instead of the 4 main carriers are all on board. Why?
I don't consider dilution, that can only be seen on charts until monthly share structures become available, as respectful to shareholders, especially when the launch was supposed to be in first quarter which would provide revenues so dilution would not be needed. So we agree to disagree on that.
Why would trickling statistical facts, if they were indeed good stats, be bad? Good numbers would create a bandwagon effect for an unknown company, would it not? Multiple PR's would put this company, which is unknown to most, in the public eye of many…therefore increasing potential day 1 keyword reservations….would it not? Please explain if you disagree as I stated I could be overanalyzing. However, that is why I don't think they are even close to launching OR they might not have received the actual demand they hoped so far. Either way, we should have more transparency.
The dividend is indeed great news…as I pointed out in my article. However, you do realize that the 32% number is against the shares short and volume of one specific day only, right? 12 mil against the float is what matters. The float is at 1.2 billion as of March 2nd…so probably higher today?
As a disclaimer, I actually hope GOIG goes up big. I have friends long GOIG and I hope they make money on it even after I decide to invest elsewhere. However, the forums you come from only give pumps to GOIG…not two sides to the story like I'm attempting to do and I fully expected to be bashed for it.
Thanks,
Mike
March 20th, 2010 at 2:03 PM
Michael,
Thank you for your honest opinion and insight on GOIG. I have read several of your posts in the past, not all but enough to merit a conversation with someone whom I believe keeps it real within their perspective. I respect your position on the sidelines currently and would like to understand your strategic thinking which guides you as it pertains to developing stage companies, specifically the penny, sub penny and pink sheet type equities such as GOIG.
I totally agree with you that many forums are overly hyping GOIG with false speculation and unsubstantiated rumors bordering on criminal. Differentiating between factual information, speculative inuendo, wishful thinking and misleading pumping unfortunately is left to interpretation by many who jump in feet first, ala the herd mentality.
On the flip side, bashing can also have a similar net effect in reverse as pumping. Suprisingly, I have not seen the type of bashing as I would expect on a stock which has catapulted as quickly and with such momentum as GOIG. The past two weeks retracement, consolidation, increase in short positions, historical performance of GOIG and lack of company updates would seem to provide a perfect platform for the bashers during this time. However, the bashing has been rather soft and sporadic, definitely lacking the intensity I have seen regarding other pinkies.
My main point is that each investor, whether long or short, active trader or long term holder may and should have a guiding light of internally set boundaries and principles which help them determine whether an equity and its' associated risk/reward is right for them. Often, this may vary depending on stage of development, listing market, product/concept offered, etc.
Would appreciate understanding your guiding parameters in regards to GOIG before commenting on your 11 point timeline. As you know, this perspective will help define what is relevant in subsequent discussions. Many points may be rendered moot simply due to subjective nature of topic or difference in perspective.
Thanks, David
March 20th, 2010 at 3:06 PM
Absolutely agree David.
Great question on what guiding parameters I have. That is a very loaded question for a comment section therefore I'd probably best be served writing a lengthy article on it or discussing in the live chatroom sometime. I'll try to sum it up as best as possible to the parameters that are relevant to GOIG as well as my true intent for these articles and my website.
I have to believe in the concept (how they make revenues) first and foremost if I want to invest rather than just some trading around the momentum of the stock. GOIG has a concept I actually want to invest in and still do.
Management is another parameter. I have to understand how they are going to achieve success and trust they are going down the right path. If I feel they are not going down the right path, I have to look to exit my position without loyalty or emotional attachment to a stock which has no loyalty or emotional attachment to myself. A great concept is just that, a great concept. The driver behind the wheel could crash that valuable car or get to the destination safely as we all want them to do. Make sense so far?
I'll bypass financials because I think that is a very obvious parameter and everyday that GOIG does not have the service in place, they further put shareholders in a position of dilution or debt….most likely dilution. This reduces the PPS and gives me no incentive to buy now when I only expect more dilution to take place and still no revenues until April at earliest. I'm not holding my breath now that we will even launch in April as I was also told we'd launch in the 1st quarter.
One of the most important ones is watching the community mentality and dissecting the logic or lack of logic. This is done by, but not limited to, watching forum discussions and other sites and observing what information is disseminated and taken as the word of God, so to speak. Many successful penny stock “traders” view most people in forums and chats as cattle to be herded and manipulated. They want to capitalize on emotional and impulsive non-professional traders/investors who are looking for that quick moneymaker stock to believe in and use that against them. You can see that around you by going to various threads on various penny stocks and seeing how they are very similar in their group thinking and get-rich quick mentality. These “Pro” penny stock traders have and probably always will infiltrate forums, build relationships, and direct people where they want to pending their own agenda. Some are really bad and obvious at doing so (and some want to be obvious). However, don't think for one second that they are all that easy to decipher. “When you think you know it all, everyone else around you just became that much more intelligent.” I live my life based on that statement.
Personally, this manipulation sickens me. I'm not trying to sound self-righteous but I actually do care that novice investors or even investors who keep making the same mistakes over and over again learn of this and understand how to “filter” through the bad to see the good information. This industry isn't a safe industry (fueled by greed) to slowly learn as money can be lost in the blink of an eye. In this economy, it is even more painful to lose money.
I'm attempting to be a “voice of reason.” Many could say, “well its not my problem if they lose money, its about survival of the fittest.” No, that's not how I think or live my life. Maybe that's how most others in this industry think but I choose not to be one of them. That is also not to say I'm always right, I'm far from it. This is an imperfect industry, like every industry. If I'm right half the time and cut my losses quickly, I'm coming out a winner. Most others don't realize that yet.
What I notice is after things don't go as smooth, like GOIG right now, the long investors tend to give excuses to justify why to stay in the stock. They forget GOIG is not the only stock that goes up and forget that GOIG is not the only concept that could be great. Look how these investors are advised on the forums to mortgage their home (by credible posters which makes it worse) and that it's a good idea to do so and invest in GOIG…its a once in a lifetime stock, etc…. That is more often than not a big mistake and the thought of someone taking such irresponsible advice turns my stomach.
Awareness is critical in this industry, let alone life in general. The stories, listed in my article (timeline), don't add up to everything being fine and dandy. While it very well could be all fine and dandy for the most part in GOIGland, the PR's, lack of information, contradictions, etc…say otherwise. Communication is essential and it has broken down completely. That is a dangerous sign yet others are justifying it because it plainly sucks to believe in a great future in GOIG and have to change that now. I'm trying to protect those who are overlooking all that whether it be because they are novice or just being herded/manipulated. It is one thing to truly see it, understand it, and make a decision based off the info and understanding of risks. Most are overlooking the info completely and being apart of the blind leading the blind. That is very dangerous yet most non-professional traders/investors don't even understand what is going on. People want to be apart of a group that believes the same as them. It's human nature. We want to be apart of a thread of like-minded people to feel we belong and we're going to get rich together. That tends to reduce awareness and filtering of information therefore making poor decisions more often than not. Does that make sense so far?
Back to GOIG, I want it to go up. I'd have no problem buying back in if Sutton starts to sound like he's doing a good job but his PR's tell me otherwise. He could be just a terrible communicator yet doing everything right behind the scenes. However, a terrible communicator rarely is a good leader and that is what he needs to be for GOIG to be successful.
When I'm bullish on a stock, I have many friends, and I'm labeled a “pumper.” The real “pumpers” love me and link me often. Then when I lose faith in the company, which will happen many times, The “pumpers” label me as a “basher” even though I'm actually giving two-sides to the story in an attempted logical approach, as always. Now I'm labeled as just attempting to bring the stock down so I can buy it cheaper. It is as if we are playing the “he's either a Democrat or Republican game (which I'm neither actually).” It is not black or white.
Does my rambling make sense? Very hard to edit long posts on here. You should be able to understand my parameters a bit better as well as my true intent for this website now. You'll notice that firsthand when you are in the chatroom during market hours and have others around you with a clear mind and rational thought yet we all have different perspectives and don't always agree. We do so with respect and intelligent discussions though unlike the forums.
Hope that helps answer all your questions. If I missed anything, feel free to call me out on it and I'll make sure to detail it tomorrow as I'm going to a hockey game soon. Hope to see you around more. Thanks for the great comment and good luck out there David.
Mike
March 20th, 2010 at 5:14 PM
Michael,
Thank you for your detailed response. At some point I will likely participate in your chat room, however at this point I find more comfort in contemplating through a thoughtful process where I can read, study, evaluate and respond in a resposible manner.
In review of your response:
1) I understand your overall concept and goal of being a “voice of reason”. It is regrettable and unfathomable when manipulation occurs on both ends of the trade, often resulting in poor decisions for those who are “part of the herd” or ill prepared to decipher reality from dillusional chatter. I do appreciate your vigilence in trying to keep it real.
2) You are absolutely correct, there is no black or white here. There are many factors which influence life, disciplines, markets and individual equities differently, at different times, in different ways. Some occur in a macro environment (broader view) and others in a micro climate (in this case dealing with specifics evolving around a particular equity). This occurs in religion, politics, etc. Being a Dem or Rep does not make one right or wrong. Many gray areas and issues as there are with stocks.
3) To break down the thinking a bit more regarding GOIG, considerations might align as follows:
Macro View:
- Texting as method and venue to market
- Concept to lease Text – Voice Keywords as method to connect businesses with consumers
- Disruptive concept to existing platforms of 411 directory assistance and 1-800 call systems and yellow page ads
- Global markets acceptance and growth of cell phones and texting as means for communicating still evolving.
- Recovering economic instability, worldwide
- Financing difficult to secure
- Existing systems and methods to connect business with consumers are already in place and have leadership role.
Micro View of GOIG
- Pink sheet listing
- No history of successful (IMHO) product launch or leadership of such a launch.
- Lacks cash resources to launch without debt or dilution, which they did add to O/S ~500mil shares from 12/31/09-3/5/10 to 1.482billion, no confirmation of debentures sold per Filing D, additonal dilution post 3/5?
- Lack of consistent communication
- Lack of specific detail(transparency), too vague and ambiguous in most recent P/R
- Lack of clarity regarding key management, including Ike
- Disruptive concept may be right product/idea, right place, right time
- Global acceptance of texting and potential expansion
- Has followed through on guidance points: sale of China assets to focus on Go800, launch of Go800lawyer, launch of Go800 website, expansion and ongoing improvements to website, removal of C/E through submittal of Letter of Adequate Disclosure, launch of Sales Ambassador program, first WebEx conference for Sales Ambassadors, beta test of Keywords
- Has failed to follow through on several guidance points, in particular VZ approval, launch date appears to have changed from end of Q1 to feasible in April 2010 and pre 10/09 product announcements and anticipated launches
- No verification of projected EOY targets, 10K keywords leased @ avg. $500/mo each per Kinsley Street interview
- Vendors, participants in build out include Engagelogic
- Mina Mar I/R, not sure good or bad
- Many more micro points which may be overlooked but enough for now.
4) You bring to light 6 key “Points of Guidance” which are important and which I often utilize in my evaluations, they are:
a) Concept
b) Management
c) Financials
d) Community Mentality
e) Awareness
f) Communication
As it pertains to Pink sheet listings, I might add:
g) Historical information and relevance
h) Individual Investor tolerance for risk/reward and goals
i) Technical analysis
Does this all make sense? At this time I am simply trying to methodically organize the criteria which is important to any of us, with input from someone whom I consider to be relatively objective. In my mind, prioritization of macro and micro elements (good or bad) and their weighted importance and value is then adjusted based on each individual's “Points of Guidance”, which may differ from person to person.
Okay, look forward to your thoughts from here as I continue to think through this. Hope you enjoyed the hockey game. We'll chat more later.
Thanks, David
March 22nd, 2010 at 9:36 AM
David,
Fantastic post! This is exactly what I was hoping would come of this article rather than bashing based on no substance. You also bring great organizational skills to the table. Much much appreciated.
I could argue that we could combine management and communication, IMO, for this GOIG example. I think communication is a direct reflection on management and would consider it a subcategory, if anything. The PR’s don’t add up logically to me. The terminology (VZ, Sprint, etc…to using percentages for example) has changed drastically which indicates to me they are reaching for positive twists when they might not actually have any.
I also agree with your additions. Technical analysis comes and goes with this stock though. The volume changes too frequently to fully embrace the analysis as one would with a highly traded stock. One large buy or sell order can completely skew data.
The tolerance is another great addition. It is my belief that one must build their own Portfolio Management System based off their own personality and mindset. If someone is typically a contrarian in life, than they might find the most success buying hated stocks (after solid DD of course) for a bounce or complete reversal. However, if someone tends to go with the crowd, that strategy may put too much stress on them therefore clouding their decisions. Those are just examples but obviously the possibilities are almost endless on how to design a system that works on your own thought process.
I think that’s a great foundation right there. Keep in mind the chat is used to discuss multiple stocks throughout the day, it wouldn’t have to be used to just discuss this GOIG topic. Thanks for the intelligent posts. Good luck out there.
Mike
March 22nd, 2010 at 11:14 AM
Personally i think that you are the biggest idiot I have ever come across on any site to date. You claim to pick apart everyones motive for posting this or that when in fact you need to look at yourself and find out why you are so paranoid…Is it because you are just unsure of yourself…do you have a mental illness…If you do I recommend counseling…Do you have a cocaine or meth addiction that causes you to over analyze? You need to calm down big man…Personally i dont do drugs but you need to take a chill pill…Lithium Xanax something…Smoke a joint!
Someone that you dont know and frankly I am glad
March 22nd, 2010 at 2:00 PM
Hmmm your a very wise invester indeed. Was just reading your chat board and you mentioned you were waiting to trade out of THRR. You actually thought THRR was a better investment than GOIG? Enough said, I will not be taking your advice in the future. Seems you just bash stocks when your not in them. Why don't you do a write up about THRR and why you think they are such a gooooood investment.
Good Luck to You!!
March 22nd, 2010 at 2:03 PM
You invested in THRR…. Could you please tell me how buying THRR shares is not like buying a lotto ticket?
March 22nd, 2010 at 2:08 PM
Do you understand the difference between a short-term trade and a long-term investment based on a concept?
You shouldn’t be confusing the two…please take the time to read up on the differences, it is very important you do so as these differences are very basic market knowledge.
March 22nd, 2010 at 2:10 PM
Please read other comment.
Had you been following me, and others, in the FREE live chatroom, you'd realize I'm already up 50% on my trade in THRR whereas GOIG is down on the day. Thanks for taking the time to follow me. Good luck out there.
Mike
March 22nd, 2010 at 8:01 PM
Correction…80%
March 22nd, 2010 at 4:14 PM
Personally i think that you are the biggest idiot I have ever come across on any site to date. You claim to pick apart everyones motive for posting this or that when in fact you need to look at yourself and find out why you are so paranoid…Is it because you are just unsure of yourself…do you have a mental illness…If you do I recommend counseling…Do you have a *censored* addiction that causes you to over analyze? You need to calm down big man…Personally i dont do drugs but you need to take a chill pill…Lithium Xanax something…*censored*!
Someone that you dont know and frankly I am glad
March 22nd, 2010 at 7:00 PM
Hmmm your a very wise invester indeed. Was just reading your chat board and you mentioned you were waiting to trade out of THRR. You actually thought THRR was a better investment than GOIG? Enough said, I will not be taking your advice in the future. Seems you just bash stocks when your not in them. Why don't you do a write up about THRR and why you think they are such a gooooood investment.
Good Luck to You!!
March 22nd, 2010 at 7:03 PM
You invested in THRR…. Could you please tell me how buying THRR shares is not like buying a lotto ticket?
March 22nd, 2010 at 7:08 PM
Do you understand the difference between a short-term trade and a long-term investment based on a concept?
That is just a rhetorical question because the answer is obvious that you do not since you're attempting to compare an investment to a trade
March 22nd, 2010 at 7:10 PM
Again, you fail to understand the difference between a trade and an investment. Please read up on the differences before you attempt to put money in the stock market.
Had you been following me in the chatroom, you'd realize I'm already up 50% on my trade in THRR whereas GOIG is down on the day. Thanks for taking the time to follow me. Good luck out there.
Mike