MWR 4.40% 9.5¢ mgm wireless limited

"Be careful of falling into a state of delusion"With that...

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  1. 7,244 Posts.
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    "Be careful of falling into a state of delusion"
    With that attitude there would be no entrepreneurs and no small businesses growing into major businesses. I'm not an idiot and I'm not delusional. I don't appreciate being insulted but you can get away with that when you are posting anonymously on line. I could say you are delusional having a sell on this at this point in time after a strong correction and with so much happening with expansion this year.
    I have owned and operated businesses across various industries from earth moving to retail. Fortunately they have all worked well but every business comes with risk. I'm prepared to take a measured risk for the good rewards that come with it. Even the majors like Apple have business risk and sp risk. That doesn't mean we are delusional for investing. Tell those that invested very early in Google, Facebook etc. that they were delusional because those companies were run at a loss for many years while they expanded their footprint before they eventually began to turn a profit. MGM is running at a profit while it is expanding and that profit margin should grow with volume as manufacturing costs fall with larger manufacturing runs. That would allow them to drop their price but maintain their profit margin if competition drives that need.
    It would be great if you one day actually post a good reason for your sell sentiment other than some broker was ramping the sp or because their is business risk. Whether or not anyone ramps a sp up or down makes no difference to the business itself and does not in itself justify a sell. The sell would be justified if and when the sp is overvalued. You might argue it got ahead of itself at $5 and needed a correction. I would disagree with that argument now at $3 or as it climbs back up to $5 as the European rollout is set to begin.
    You should think more before you post rather than purely rubbish a good company like this that is doing a fantastic job - far better than any of us were hoping for a year ago.


 
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