Let's open this a bit earlier today so I can test if Google Video is working properly. Perhaps they got fed up with 3 Stocks because we're uploading too many videos (just kidding).
I've added a new Q&A to our FAQ section
, which is the # 15:
15 - Can I suggest stocks from any sector?
Yes, you can, but David doesn't like biotechnology, alternative energy or mining stocks with no operations. He welcomes everything else.
I figure that it is a waste of time to keep bringing up stocks from these sectors, because I never enjoy them. Of course, biotechnology is very important, alternative energy is very important, mining not all that much, but I feel it shouldn't be my money to finance their operations until they eventually start making some revenues and profits to support their company.
Moreover, I can't value them. I don't know if some drugs will be approved or not (or when), I don't know what their price will be, what their profit margin will be. The risk is they spend another 10 years trying to approve something and just burning cash. I have no problem with that, given that it isn't my cash !
Alternative energy is another sector trading at lofty valuations. Of course, some of them might be big winners ... but that can take years and in the meantime, since they're not selling anything and need money, they dilute shareholder's value. Market cap is maintained or might even go up while the share price declines.
Finally, mining companies without mining operations. Basically, what they own is land. If I wanted to buy land I would invest in the real estate market, not in stocks.
I like stocks. I'm a bull in this market. I'm even starting to think this isn't a stock market, but a market of stocks, if you know what I mean (if you don't, ask).
So, start bringing those suggestions. You know I'm holding SILC, CPNE.OB and GOAM and I'm not planning to sell them for now.
Thanks for your participation