Calladine, so very sorry Sir about your membership to Greedy Anonymous, Co. un/ltd.
I hope that NN is the right antidote for that miserable group of people.
Same here; I want to try and go on a greed diet,and not sell my profits,
TA
Message #15820 from James Calladine at Dec 15 1999 11:39AM
I agree there certainly a takeover premium of maybe even
$4 in the stock at present.
I am of course tempted to sell and wait for the lower
price to buy back in. I rode MRVC from about $6 to
$37.50 and thought that it looked like it would fall to
about $33 where I could buy back in. So around 2.30 in the
afternoon, sold my position at $37.50
My wife wanted me to go shopping so I left a few hours
before the market closed last Friday. Presumably the folks
who print Barron's read it before it is distributed, but
in any event, as a result of a favorable article in last week's Barrons (after I went shopping and had sold my
position) the stock ran to $43 or so! By the time I got back in on Monday it was $48.75. It has since gone to $60 and is now $53 5/8.
In short, my greed was very costly (and, in retrospect,
stupid)
I am therefore a little reluctant to leave NN right now just for a couple of points.
Best wishes,
Jim
(submitted as my opening testimony for membership in
Excessive Greed and Stupidity Anonymous) |
