Posted by RJR on May 02, 2000 at 08:29:42:
In Reply to: Pen Wise, Pounded foolish posted by Buffet-Ed on April 28, 2000 at 21:44:31:
: It's regrettable to see amongst us a small cadre of hapless shareholders, though I admire Yehoram's ability to 'suffer fools'. It's obvious they're more interested in numbers and institutions more reminiscent of roulette and casinos then in understanding anything about businesses. I'd venture that they'd chop down the oak sapling before them and then complain of not enough wood rather than nurturing it over a longer term to reap the benefits! Personally, I'm perceptive enough to see the buying opporunity from the current dip, which on little volume, no less, tells the investor much, but the speculator nothing. If you don't like where the price is, please sell me your shares now and find something else to bemoan. It's too obvious you don't understand anything about business models. What a great country that even the ignorant can somehow manage to acquire a piece of a potentially great business and not recognize it! To the disgruntled, if you're so smart, start your own company. Then you can put out all the PR you want.
Nice to know you are so perceptive (and might I add, humble) to recognize the value here, while the rest
of us are "fools" to complain about this stock's volatility, low profile and price.
I for one, am uncomfortable with a 50% price swing on such low volume every day. I don't know why this keeps occuring,
but it is unnerving. I understand this means someone is willing to sell at .25 ... but I suppose my question is "how can we
expect anyone to take this company seriously if such wild fluctuation is the norm for us?"
I know you are an "investor" (I know because you said so) and the rest of us "speculators", akin to mindless boobs plunking
coins into slot machines. But right now I believe most of us "gamblers" are hoping for (at least) price stability and (dare I
say it) maybe even some price appreciation for our investment in this company.
Your "tree" analogy may have been appropriate ... but I sincerely hope we don't have to wait a Sequoia's lifetime for some
return on our investment (or an Oak's, for that matter).
I am curious how long you believe we should remain patient?
Since 5-6 years is unreasonable ... what IS a reasonable time frame in your opinion.
I felt the need to respond to your post simply because you were insulting to many of us
and .... pompous beyond belief.