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January 24, 2008
“DoublePlusUnGood” Guidance
Watching the stock market these days is a lot like being on a roller coaster, with a blindfold, and the distant sound of thumps. I chose the lingo of George Orwell’s 1984 to express the frustration with the “doublespeak” I feel happens when watching and reading about the market.
The funny thing is that I often see the same companies on the positive and negative side of the stock equation. Given the fact that the stock market is efficient. I can only believe one thing. They know something I don’t know. The market is probably reacting in the context of previous buying or selling decisions. I do not have the ability to pay attention that way. So I am not going to be a day trader anytime soon.
Still, I am thinking of turning my attention to stocks and writing about the industry. Particularly the VoIP industry has taken some hits. And my own take is that anyone that has survived at this point is fair game for a comeback.
One place where I am thinking of putting a small amount of money is Counterpath [COPA.OB]. This has also been an interesting company. On the one side, most of us have heard of them (perhaps as X.10 perhaps as NewHeights) and they have had a steady stream of our industry leaders working for them. But the company has not always been stable and there have been some interesting management / investor issues from time to time.
But Sir Terry and Owen are now at the helm. And I think its worth taking a look at. Given its history this is probably not a short term play and its not a sure thing. Danielle and Henry are polishing off their work on Adobe’s Pacifica project which may make softclients universal in your browser and wireless is going to make softclients less relevant in theory.
At .40 cents a share COPA.OB looks like a small risk in a strange environment. So how risk adverse are you given the fact we see titanic shifts at the top.
Posted by carl at January 24, 2008 10:22 AM
Comments
Carl...while you make the pitch for how to throw money away searching for gold in near-bankrupt stocks, why don't you try another approach in an era of titanic, teutonic shifts: buy deep out of the money LEAPS (a/k/a DOOMS) on solid companies that cannot be hurt by a recession / depression but will perform well in times of greater volatility, such as GE, INTC and VZ....let's keep track and see who profits more in a year....joey
Posted by: joe mazzeo at January 25, 2008 01:51 PM