RE: RE: RE: RE: RE: Always good laughs here Thanks tzero for the honest reply. I believe we can all probably point to a stock where we have had a similar lesson learned. It is a bitter pill to swallow learning that you really do need to take profits off the table when you can. I've seen it time and again myself in my own portfolio. Sometimes I've been smart and done it and others not so smart because I've believed a stock is poised for greatness.
fortunately with INT if I decide to sell I'd walk away with about a 40% profit plus my initial investment at this point which is not bad for any stock a person might buy but it's a far cry from what I could have had earned.
I've seen the super pumpers come on this board throwing around completely unjustified estimates back when the sp was doing great working everyone up in a frenzy of future wealth. One super pumper in particular who I won't name and I haven't seen post here in over a year was promoting lots of other stocks. They had very slick presentations and were well written and I decided to start tracking his picks in Yahoo finance. I discovered over time that almost every pick shot up quickly but within about four months they were below the initial price and looking at them now, many have lost over 90% of their value. I got caught on some of those picks and made money on some others. Now I've learned to really use Sedar and read company's M D&As to do DD on any stock that someone may be promoting. Even then it's still hard to consistently do well on Venture plays.
I think now pretty much everyone can agree that INT has to show revenue to turn the sp around. It's fine to be an incubator of companies if you have constant revenue streams to fall back on while you see if your speculative ventures take off but if only one division of the company, Magnum printing, is really profitable and it's not enough to cover your burn rate in the other areas and you get caught in a period where it's difficult to raise capital the results could spell, trouble. I honestly believe the effort has been there on the company's part to develop vslue but obviously the results in terms of revenues have not been shown to date. The refenue may or may not come at this point, I can't predict.
Good luck to everyone. As I've said before, I really hope things turn around here so investors can see positive results in their portfolio.
KnowledgeSeeker.