RE: Frank, I couldn`t disagree with you more ..(hate to end the lovefest.)../ricardo...
posted on
Dec 20, 2005 12:07PM
I do remember a couple years ago when I did post on Ihub, before getting booted, there were many individuals who were not inclined to look upon edig as a good investment.
One other comment, in spite of your opposing views of Waldo, he does own stock and does want to see the company succeed. I don`t think any of us care about throwing our money down the drain because of a difference of opinion with respect to the company or its management’s performance.
I sincerely hope the past isn`t our guide to the future. And the astronomical jump in share price several years ago to $24.50 was an emotional and totally unfounded buying spree. There was no real reason to justify that increase based on company performance and to compare that percent increase to today as a possibility of a repeat, even at much lower prices is faulty reasoning. The market and attitude of the individual investor has changed and gained knowledge from the market hype we all saw prior to the collapse.
Thought I should comment on this subject of past price, as it is brought up as a comparison once in a while. Just my opinion, the past is gone, the new price will be based on current and future performance with little emotion from the major market.