God I enjoy reading this thread.
It just puts a smile on my face.:)
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God I enjoy reading this thread.
It just puts a smile on my face.:)
If you mean that literally, then yes, why not be happy. If enjoyment from investing is entirely conditional on profit, then we're just putting our happiness in the hands of random events. What's the point of that? I aim to enjoy regardless. And I'm certainly not going to be phased by unexpected results from Blis, which has way to go before it reaches the low risk category! I have money on the line here, but I don't let money rule my emotions.
And if you are being droll, then don't worry, I'm not rolling over on on this stuff. The current management has only been there three years. The first products from that rolled off the blocks only 18 months ago, and virtually all of the current revenue is new since then. In addition, literally dozens of business deals are now in place too. I can't see the logic in thinking things are going badly when so much success is evident.
So either way, thanks!
I don't think we realise in NZ just how grim it is overseas. Recent quotes about the US:
"It’s frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in [US] M3 has no precedent since the Great Depression."
"The [NY] Federal Reserve considers the record rate of mortgage delinquencies, foreclosures and their impacts on communities an urgent problem."
"The number of defaults for loans of more than $20 million is increasing rapidly for all product types, including office, industrial, retail and large apartment complexes...Phoenix is at the front end of a major crash."
"32 States Borrow $37.8 Billion Total to Make Unemployment Payments"
"Since 1986, 15 million high-paying manufacturing jobs have left the US and American workers."
"College Grads about to Flood Labor Market; Class of 2009 Still Without Jobs in Deep Trouble "
"I can tell you that around here, the commercial space that was empty a year ago is still empty today. And I’m talking even about the prime locations."
Real unemployment 16-22% according to shadowstats.com
House prices down about 30% nationwide, case-schiller
There is an interesting quote that the author Susan Jeffers makes in her popular book "Feel the fear and Do it Anyway". She writes that "fear about money often persists regardless of how wealthy we are" and recounts hearing a great line in a Grade B movie "Security is not having money; it's knowing you can do without it". All the doom and gloom that is about - I am sure we have heard it all before.....and the world still turns and the sun comes up in the morning. Maybe there is something in the Blis lozenges that makes me feel optimistic!
We're agreed that we wanted second half sales to be higher, and that we do not know why they weren't. All we can do is react to the facts we have. I've explained my own thought patterns, and welcome other's thoughts. That's the point of group discussions on publicly available facts. However, obviously I cannot create new information, and I think we just have to wait now. That the company is working very hard can surely not be doubted. I'm sure each investor is deciding what their own reaction is anyway.
Another new product - hopefully!
http://vitanetonline.com/forums/1/Thread/1642