Hi Dave B; Sometimes Rambus longs act like since they made money on RMBS, no one else has ever made money in the stock market, LOL! The actual fact is that I am a very good trader. In addition to the several calls to purchase RMBS at very good (short term) prices, I have also made plenty of long calls on other stocks. Every now and then I post to you guys the links showing me buying a stock the day before it tripled, and then gloating the next day. That was a play that mom and pop were stupid, and sure enough they ran it up. Unlike you with RMBS, I didn't have to wait around six months for my payday, I got it overnight.
I've been watching this market for years, and I will still be playing it long after 90% of the current mom and pops have sworn that they will never, ever, ever buy a stock again.
I like "value" stocks. Those are stocks where you pretty much can't lose, provided you hang on long enough, and don't believe the insider's BS. To do this, you have to avoid the stocks run by people who aren't squeaky clean and trustworthy, and you have to avoid sectors where hype and stock pumping have caused values to go out of control. (I.e. just exactly the opposite of RMBS and tech stocks.)
Here's a typical "Bilow" value play, and from long enough ago that you can really tell whether it was a good LTBH call or not. KNDL is in medical testing, if I remember correctly:
Bilow, SI KNDL [at $10.375] thread, August 9, 1999
Well it crashed a couple days ago on an earnings disappointment, and I helped myself to some shares. #reply-10872805
KNDL is now at $20.30. Here's how they've done compared to the Nasdaq:
finance.yahoo.com
You may know I've held ASL, (see #reply-11971594) here's how they've done compared to the Nasdaq, over the past year:
finance.yahoo.com^ixic&a=v&p=s&t=1y&l=on&z=m&q=l
I just got out of CRFT (see #reply-16003446) with a nice profit, in addition to the handsome dividend they've been paying:
finance.yahoo.com^ixic&a=v&p=s&t=1y&l=on&z=m&q=l
I caught the run up in CSPI beautifully: Okay, I was lucky, I was just making a safe market in the stock and happened to be holding at the time they ran it up, but it was a relatively safe stock at $5 per share:
finance.yahoo.com
I was bullish on LPWR, (but I never put any money into it, except to make market). They were bought out in a tender offer.
All of the above are verifiable by simply looking through the appropriate threads on SI. These are obscure value stocks, so there's not a lot of hypesters making 30 "It's going to the moon!!!" posts each every day for 2 years.
Here's how RMBS has done compared to the Nasdaq over those same 2 years:
finance.yahoo.com
Advanced Engine Technologies is another POS that I've ragged on. I've been inactive on that thread for some time because it's already well known to be dead, dead, dead. (And also Rambus is in my field of expertise.) Here's its chart compared to the Nasdaq:
finance.yahoo.com
I also ragged on AMZN, HSP and DELL 2 years ago:
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
-- Carl
P.S. CREE is run by less than talented management. GMST and SEBL are bubble stocks. |
