Now, see, you're wrong again. I could afford many
more shares than the 1000 I own, but I do like to have
20-25 different stocks. That's why I don't have to
worry to much about any one holding. I'm sure you've
heard of the concept-diversification. One should also
have more than one interest in life, as some are more
satisfying on any given day. That way, short of death of a
dear one, one can find satisfaction in one's life
today, and again tomorrow.Now, what I've said doesn't
mean that sometimes the smaller things don't get too
me, this life is a path, not a destination.
You ever heard of stock-splits. Do any longs on
this board know how to evaluate companies and
performance? Investors are getting very tired of companies
(managements) that don't perform. When PWAV splits and the
share price becomes reasonable for the average
investor, it will be bid back up. PWAV increases revenue
and earnings quarter to quarter. Spct is the scary
holding because of poor management and poor performance.
Have you noticed Spct has not bounced back, unlike
most other stocks that dipped Tuesday.
potential of getting their act together and
reaping the rewards of this sector.
On the other
hand if the sector suffers because OEMs use their in
house capabilties PWAV will have a long way to fall.
SPCT at 20 is unlikely to fall much further.
Take a look at the last weeks movements. Very scary
for PWAV investors.
PWAVs expected sucsess is
already built in to their share price so there is little
to be gained. I think we all agree that SPCT on the
other hand have much to be gained.
I will reiterate. I have stated my opinion of
management, and I believe my opinion is well founded and will
be supported with the release of the latest Q
report. This is my prediction: PWAV will report positive
earnings; Spct will report negative earnings. Spct
management will come up with a patently ridiculous
explanation, such as, " there was a general downturn in
market", " NT f*&ked us"; " we just pushed out deliveries,
no biggie"; " my dog ate the purchase orders". And
you, dear long, will simply accept the nonsense. If
the company loses money, considering the sector it is
in, what conclusion would you come too?
Hey snappy, any idiot could have come to the
conclusion that PWAV will report positive earnings and SPCT
will report negative earnings. You are not a brain.
You may not think so, but next week I predict SPCT
will be on the rise......
When I bought SPCT I also considered PWAV. I was
looking for another wireless play. PWAV was at
190-something, SPCT was 26.5. Clearly, you have some inside
knowledge about management at SPCT, I have none for either
PWAV or SPCT. Since I bought, though PWAV had a nice
pop today, both of them have lost value. PWAV
actually lost about half, SPCT about a third. So, when
buying I considered many things. Among them, relative
value. I could buy 1000 SPCT or 100 PWAV. By buying PWAV
the ability to average down, should it be necessary,
would be much more expensive. None of us really know
what earnings will be for either company this quarter
or next. I probably will stay for at least 2
quarters. SPCT has much more upside potential than PWAV,
IMO. I have averaged down some now.I'm a guy who
doesn't put all eggs in any basket. 1 out of 10 is a
really bad choice. I can live with that. I've done
pretty well for myself.This is by no means all that was
considered in my purchase of SPCT, but enough. I won't whine
if SPCT loses $ this quarter though I may average
down again. I still think this is a good company in a